Guideline Value for Alliance villa Belvedere

Alliance villa Belvedere guideline value

The current guideline value of Alliance villa Belvedere is Rs 1,950 per sq.ft, effective from 1 July 2024. This property is located in Vallam village, under the Sriperumpudur SRO, and is classified as Mixed Type - I land.

How the guideline value of Alliance villa Belvedere has changed

In the 2012 revision, the guideline value was Rs 1,950 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,306 per sq.ft. Following this, the value increased significantly to Rs 1,950 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from the 2017 revision to the 2023 revision, the guideline value increased by 49%, resulting in no overall change from 2012 to 2024.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, placing Alliance villa Belvedere's 2024 figure above that median.

• Akshyam -I: Rs 600 per sq.ft (2024)
• Akshyam: Rs 600 per sq.ft (2024)
• Akshayam -III: Rs 600 per sq.ft (2024)
• Akshayam-II: Rs 600 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• B.K. Rajiv Town: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Alliance villa Belvedere

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total to Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alliance villa Belvedere?

The Sub Registrar Office that covers Alliance villa Belvedere is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vallam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When buying or selling property, the guideline value helps in assessing the official value of the property for registration purposes. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Alliance villa Belvedere?

The current guideline value of Alliance villa Belvedere is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions showing a consistent rate of Rs 1,950 per sq.ft from 2012 to 2024, despite a decrease to Rs 1,306 per sq.ft in 2017.

What is the land classification for Alliance villa Belvedere?

Alliance villa Belvedere is classified as Mixed Type - I land, which indicates its suitability for various types of development.

Where can I find the Sub Registrar Office for Alliance villa Belvedere?

The Sub Registrar Office for Alliance villa Belvedere is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vallam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 19,50,000 would incur a stamp duty of Rs 1,36,500 at 7%.