Guideline Value for ADHITHYAA PROMOTERS VARAM PHASE II

Adhithyaa Promoters Varam Phase II guideline value

The current guideline value for Adhithyaa Promoters Varam Phase II is Rs 1,971 per sq.ft, effective from 1 July 2024. This property is located in Shenkadu village, under the Thiruporur SRO, and falls under the Residential Special Type - II land classification.

How the guideline value of Adhithyaa Promoters Varam Phase II has changed

The guideline value for Adhithyaa Promoters Varam Phase II has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,971 per sq.ft, which is an increase from Rs 1,792 per sq.ft in 2023. This change represents a 10% increase from the previous year. Looking further back, the value was Rs 1,200 per sq.ft in 2017, indicating a substantial increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Shenkadu

Currently, there are no specific village figures available for Shenkadu. Adhithyaa Promoters Varam Phase II is situated in this village, which is under the jurisdiction of the Thiruporur SRO.

Stamp duty and registration fee for property in Adhithyaa Promoters Varam Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,971 per sq.ft, the total guideline value would be Rs 19,71,000. The stamp duty at 7% would amount to Rs 1,37,970, and the registration fee at 2% would be Rs 39,420, bringing the total to Rs 1,77,390. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhithyaa Promoters Varam Phase II?

The Sub Registrar Office that covers Adhithyaa Promoters Varam Phase II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Shenkadu

The guideline value is a crucial factor when buying or selling property in Shenkadu, as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that the guideline value is used to calculate these fees, ensuring that they are adequately prepared for the financial aspects of the transaction.

When registering a property, the guideline value serves as a benchmark for the transaction, ensuring that the sale price is in alignment with government valuations. This process helps maintain transparency and accountability in property transactions within the Shenkadu area.

Frequently asked questions

What is the current guideline value for Adhithyaa Promoters Varam Phase II?

The current guideline value for Adhithyaa Promoters Varam Phase II is Rs 1,971 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2017 to Rs 1,971 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,37,970 and the registration fee would be Rs 39,420, totaling Rs 1,77,390.

Which office handles registrations for properties in Shenkadu?

The Thiruporur Sub Registrar Office handles registrations for properties in Shenkadu, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets in Shenkadu with guideline values?

Currently, there are no other streets in Shenkadu listed with guideline values. Adhithyaa Promoters Varam Phase II is the primary focus for this area.