Guideline Value for DEEPAM FLATS

Deepam Flats guideline value

The current guideline value of Deepam Flats is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Deepam Flats has changed

The guideline value for Deepam Flats has seen significant changes over the years. The earliest recorded figure is from 2002, when it was Rs 1,232 per sq.ft. This value increased to Rs 1,405 per sq.ft in 2003, marking a change of +14%. The value then rose to Rs 2,050 per sq.ft in 2007, which is an increase of +46%. By 2012, the guideline value reached Rs 12,000 per sq.ft, reflecting a substantial increase of +485%. However, between 2012 and 2017, there was a decrease to Rs 8,040 per sq.ft, a drop of -33%. The value then climbed back to Rs 12,000 per sq.ft in 2023, and most recently, it has been revised to Rs 13,200 per sq.ft in 2024, representing a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +971%. There are no figures available for the years not listed in the register for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Deepam Flats above this median.

• Diamond Flats: Rs 12,100 per sq.ft (2024)
• Chetty Thoppu: Rs 2,200 per sq.ft (2024)
• East Main Road: Rs 12,100 per sq.ft (2024)
• Embar Naidu 1st Lane: Rs 2,200 per sq.ft (2024)
• Embar Naidu 1st Street: Rs 2,200 per sq.ft (2024)
• Embar Naidu 2nd Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Deepam Flats

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. 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 further calculations.

Which Sub Registrar Office covers Deepam Flats?

The Sub Registrar Office that covers Deepam Flats is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay. When a property is sold, the guideline value or the sale price is considered, and the higher of the two is used to calculate the applicable duties.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the overall cost of the transaction. It ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Deepam Flats?

The current guideline value of Deepam Flats is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,232 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, representing an overall increase of +971% over this period.

What are the stamp duty and registration fees for property in Deepam Flats?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 11,88,000, calculated based on the current guideline value.

Which Sub Registrar Office covers Deepam Flats?

The Villivakkam Sub Registrar Office covers Deepam Flats, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, with Deepam Flats being valued above this median at Rs 13,200 per sq.ft.