Guideline Value for DAFFODILS EXOTICA

Daffodils Exotica guideline value

The current guideline value of Daffodils Exotica is Rs 750 per sq.ft, effective from 1 July 2024. This property is located in Vakkupattu A village, within the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Daffodils Exotica has changed

The guideline value for Daffodils Exotica has undergone several revisions over the years. The earliest available revision is from 2017, which set the guideline value at Rs 502 per sq.ft. This figure remained unchanged until the next revision in 2023, where it was still Rs 750 per sq.ft. The most recent revision in 2024 also maintained the guideline value at Rs 750 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was an increase of 49%, bringing the value to Rs 750 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same figures for both 2023 and 2024.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO that have a guideline value for 2024, ranging from Rs 400 to Rs 2,090 per sq.ft. Daffodils Exotica's guideline value of Rs 750 per sq.ft is above the median value of Rs 500 per sq.ft for the area.

• Global City: Rs 400 per sq.ft (2024)
• Harshadha Homes: Rs 1,250 per sq.ft (2024)
• Hiranandani Parks: Rs 1,250 per sq.ft (2024)
• Pavendhar Bharathidasan Nagar: Rs 500 per sq.ft (2024)
• Rpd Village: Rs 500 per sq.ft (2024)
• Sai Baba Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Daffodils Exotica

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000, together totaling Rs 67,500. 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 Daffodils Exotica?

The Daffodils Exotica property falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Vakkupattu A. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property transactions. This value is updated periodically and reflects the market conditions as assessed by the Registration Department.

Frequently asked questions

What is the current guideline value of Daffodils Exotica?

The current guideline value of Daffodils Exotica is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value has remained unchanged at Rs 750 per sq.ft from 2023 to 2024. However, there was a significant increase of 49% from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023.

What is the land classification for Daffodils Exotica?

Daffodils Exotica is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO by visiting the appropriate link.

How is the stamp duty calculated for properties in Daffodils Exotica?

The stamp duty for properties in Daffodils Exotica is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500.