Guideline Value for CASA VOGUE

Casa Vogue guideline value

The current guideline value of Casa Vogue is Rs 2,725 per sq.ft, effective from 1 July 2024. It is located in Perumbakkam village, under the Selaiyur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Casa Vogue has changed

The guideline value for Casa Vogue has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. This was followed by a decrease in the 2017 revision to Rs 1,675 per sq.ft, marking a decline of 33%. In the 2023 revision, the value increased to Rs 2,500 per sq.ft, and then further increased to Rs 2,725 per sq.ft in the 2024 revision, reflecting a rise of 9% from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam village, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value is Rs 2,725 per sq.ft, which is the same as the guideline value for Casa Vogue.

• Casa Grande "cherry Pick": Rs 2,725 per sq.ft (2024)
• Chandrasekaran Nagar: Rs 975 per sq.ft (2024)
• Bollineni Hillside: Rs 2,725 per sq.ft (2024)
• Cheran Nagar: Rs 2,725 per sq.ft (2024)
• Chettinad Villa: Rs 2,725 per sq.ft (2024)
• Bhavathara: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Casa Vogue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, and the registration fee at 2% would amount to Rs 54,500. Together, the total cost for stamp duty and registration fees would be Rs 2,45,250. 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 Vogue?

The Casa Vogue property falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers must pay stamp duty and registration fees based on this guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property transactions and ensures that the government receives appropriate revenue from stamp duties and registration fees.

Frequently asked questions

What is the current guideline value of Casa Vogue?

The current guideline value of Casa Vogue is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 2,500 per sq.ft in 2023 to Rs 2,725 per sq.ft in 2024. The value has also seen a significant increase from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023.

What is the land classification for Casa Vogue?

Casa Vogue is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for Casa Vogue?

The stamp duty for a property in Casa Vogue is 7%, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 2,45,250 for these fees based on the current guideline value.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.