Guideline Value for BACKWATER COUNTY

Backwater County guideline value

The current guideline value of Backwater County in Aurivakkam village is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Backwater County has changed

The guideline value for Backwater County has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 67 per sq.ft. This value remained unchanged in the subsequent revisions of 2002, 2003, 2007, and 2012, as the register has no figure for this street in those years. From 2017 to 2023, the guideline value increased by 49% to Rs 100 per sq.ft, which remained constant in the 2024 revision, resulting in no change from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%. The consistent value of Rs 100 per sq.ft from 2023 to 2024 indicates stability in the guideline value for this area.

Guideline values in Aurivakkam

Backwater County is part of the Aurivakkam area, which also features other streets under the Ponneri SRO. The guideline value for Backwater County is currently set at Rs 100 per sq.ft. Below are the guideline values for other streets in Aurivakkam:

• Smart Land Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Backwater County

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost for these fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Backwater County?

The Sub Registrar Office that covers Backwater County is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Aurivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when transferring property ownership.

When buying or selling property, it is essential to be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected, reflecting the value of the property being registered.

Frequently asked questions

What is the current guideline value of Backwater County?

The current guideline value of Backwater County is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Backwater County?

Backwater County is classified as Residential Class II Type - I, which indicates its designation for residential use.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a total fee of Rs 9,000 for stamp duty and registration.