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. It is located in Vallam_B village, under the Sriperumpudur SRO, with a land classification of Mixed Type - I.

How the guideline value of Alliance villa Belvedere has changed

The guideline value for Alliance villa Belvedere has undergone several revisions over the years. The 2017 revision set the value at Rs 1,306 per sq.ft. This remained unchanged until the 2023 revision, which also recorded the value at Rs 1,950 per sq.ft. The latest revision in 2024 confirmed this value again at Rs 1,950 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, and the overall change from 2017 to 2024 is also a 49% increase. The register does not contain figures for the years 2002, 2003, 2007, or 2012 for this street.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 400 per sq.ft, placing Alliance villa Belvedere's 2024 figure above this 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)
• Balaji Nagar: Rs 400 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 would be 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 or the sale price. You can use the stamp duty and registration fee calculator for more information.

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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees, which must be calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transfer of property ownership. Buyers and sellers should ensure that they are informed of these values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value for Alliance villa Belvedere?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to reach Rs 1,950 per sq.ft in 2023 and 2024. The value was Rs 1,306 per sq.ft in 2017.

What are the guideline values for other streets in Vallam_B?

Other streets in Vallam_B have varying guideline values, with rates ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 per sq.ft.

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_B?

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