Guideline Value for Casa Grande

Casa Grande guideline value

The current guideline value of Casa Grande is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Vallam_B village under the Sriperumpudur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Casa Grande has changed

Over the years, the guideline value for Casa Grande has experienced several revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 900 per sq.ft, which was then reduced by 33% to Rs 600 per sq.ft in the 2024 revision.

This significant decrease from Rs 900 to Rs 600 per sq.ft reflects a change in the valuation approach for this property. The current figure is now below the previous year's value, indicating a reassessment of the property’s worth.

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, with a median value of Rs 400 per sq.ft. Casa Grande's guideline value of Rs 600 per sq.ft is above this median.

• Chandran Nagar: Rs 600 per sq.ft (2024)
• B.K. Rajiv Town: Rs 200 per sq.ft (2024)
• Deepalaxmi Nagar: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 400 per sq.ft (2024)
• Dream Park Greenland: Rs 400 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Casa Grande

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, making the total charges Rs 54,000. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Casa Grande?

The Casa Grande property falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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 the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value is referenced to determine the applicable taxes. Buyers should be aware that the charges will be based on either the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Casa Grande?

The current guideline value of Casa Grande is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Casa Grande was Rs 900 per sq.ft in 2023 and has decreased to Rs 600 per sq.ft in 2024, reflecting a 33% reduction.

What other streets have guideline values in Vallam_B?

In Vallam_B, there are several other streets with varying guideline values, including Chandran Nagar at Rs 600 per sq.ft and B.K. Rajiv Town at Rs 200 per sq.ft.

Where is the Sriperumpudur Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Casa Grande?

The stamp duty for properties in Casa Grande is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total charges would amount to Rs 54,000.