Guideline Value

Corporate

Guideline Value for CASA GRAND

₹990/sq.ft.

The guideline value for Casa Grand in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Casa Grand

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Casa Grand guideline value

The current guideline value of Casa Grand in Varadarajapuram village is Rs 990 per sq.ft, effective from 1 July 2024. This property falls under the Padappai Sub Registrar Office and is classified as Residential Class III Type - I.

How the guideline value of Casa Grand has changed

The guideline value of Casa Grand has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 603 per sq.ft. This increased significantly to Rs 900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the guideline value rise to Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. Casa Grand's guideline value of Rs 990 per sq.ft is below this median.

Stamp duty and registration fee for property in Casa Grand

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these fees Rs 89,100. It is important 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 Casa Grand?

Casa Grand falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Varadarajapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum sale price for registration purposes. This means that buyers and sellers must be aware of the current guideline value to accurately assess their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Casa Grand?

The current guideline value of Casa Grand in Varadarajapuram is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Varadarajapuram and their guideline values?

Other streets in Varadarajapuram include Bhuvaneshwari Nagar Extn and Bhuvaneshwari Nagar at Rs 1,980 per sq.ft, Bhavani Nagar at Rs 1,100 per sq.ft, Bharathvaj Nagar at Rs 1,320 per sq.ft, Bharath Nagar at Rs 990 per sq.ft, and Bhaggyam Gopalakrishnan Nagar at Rs 2,960 per sq.ft.

How is stamp duty calculated for properties in Casa Grand?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 9,90,000, the stamp duty would be Rs 69,300.

Where can I find the Sub Registrar Office for Casa Grand?

The Padappai Sub Registrar Office covers Casa Grand and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more details on their location through the provided link.