Guideline Value for Chemec Farm House

Chemec Farm House guideline value

The current guideline value for Chemec Farm House in Kaduvancheri village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Chemec Farm House has changed

The guideline value for Chemec Farm House has seen several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 167 per sq.ft, marking a decrease of 33%. The value then increased by 50% to Rs 250 per sq.ft in 2023, and it has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the earliest recorded figure is from 2012 at Rs 250 per sq.ft, followed by the revisions in 2017, 2023, and the current 2024 value.

Guideline values in Kaduvancheri

Kaduvancheri has 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Chemec Farm House's 2024 value below this median.

• Chandryan Annadurai Avenue: Rs 400 per sq.ft (2024)
• Colony Prathana Salai: Rs 200 per sq.ft (2024)
• D.R.R Nagar 1st Street: Rs 250 per sq.ft (2024)
• D.R.R.Nagar 2nd Street: Rs 250 per sq.ft (2024)
• D.R.R.Nagar 3rd Street: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chemec Farm House

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 details.

Which Sub Registrar Office covers Chemec Farm House?

The Chemec Farm House 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 more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kaduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value is referenced to ensure that the transaction is recorded accurately. This value helps in establishing the legal framework for property ownership and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Chemec Farm House?

The current guideline value for Chemec Farm House is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023, remaining the same in 2024.

What is the land classification for Chemec Farm House?

Chemec Farm House is classified as Residential Class I Type - I under the local land classification system.

What are the stamp duty rates for properties in Kaduvancheri?

The stamp duty rate for properties in Kaduvancheri is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chemec Farm House?

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