Guideline Value for Casa Grande Futura

Casa Grande Futura guideline value

The current guideline value of Casa Grande Futura is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Casa Grande Futura has changed

The guideline value for Casa Grande Futura has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision has also set the value at Rs 1,200 per sq.ft, indicating no change from the previous year, but a significant increase of 49% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making Casa Grande Futura's 2024 figure of Rs 1,200 per sq.ft above the median.

• Bypass Road (Ward 2): Rs 2,500 per sq.ft (2024)
• Buvaneshwari Nagar: Rs 400 per sq.ft (2024)
• Chanduvazhi Amman Koil Street: Rs 1,000 per sq.ft (2024)
• Chekkadi Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IIIrd Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Casa Grande Futura

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Casa Grande Futura?

The Casa Grande Futura property falls under 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 Sriperumbudur A

The guideline value plays a crucial role in property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When purchasing a property, the guideline value is often considered the minimum value for registration purposes. This means that if the sale price is lower than the guideline value, the duty will be calculated based on the guideline value, ensuring that the government receives the appropriate fees.

Frequently asked questions

What is the current guideline value of Casa Grande Futura?

The current guideline value of Casa Grande Futura is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,200 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 804 per sq.ft in 2017 to the current figure.

What is the median guideline value in Sriperumbudur A?

The median guideline value in Sriperumbudur A is Rs 700 per sq.ft, with Casa Grande Futura's value being above this median.

What are the stamp duty rates for properties in Casa Grande Futura?

The stamp duty for properties in Casa Grande Futura is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Casa Grande Futura located?

The Sub Registrar Office covering Casa Grande Futura is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.