Guideline Value for Detroid Layout

Detroid Layout guideline value

The current guideline value of Detroid Layout, located in Podavoor village, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I classification. The property is registered under the Sunguvarchattram SRO.

How the guideline value of Detroid Layout has changed

Looking at the historical guideline values, the 2012 revision set the value at Rs 400 per sq.ft. This remained unchanged in the 2017 revision, while the 2023 revision also maintained the same figure of Rs 400 per sq.ft. The 2017 revision saw an increase of 49% from the previous 2012 figure of Rs 268 per sq.ft. However, from 2023 to 2024, there was no change, with the value remaining at Rs 400 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Detroid Layout. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Podavoor

In Podavoor, there are 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Detroid Layout is above this median.

• Chemman Kuttai Street: Rs 181 per sq.ft (2024)
• Ellaiamman Kovil Street: Rs 181 per sq.ft (2024)
• Bajanai Kovil Street: Rs 300 per sq.ft (2024)
• Ayyar Street: Rs 181 per sq.ft (2024)
• Anubav Green Rich Village: Rs 600 per sq.ft (2024)
• Anubav Green Land: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Detroid Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 details.

Which Sub Registrar Office covers Detroid Layout?

The Sub Registrar Office that covers Detroid Layout is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Podavoor. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Detroid Layout?

The current guideline value of Detroid Layout is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a significant increase of 49% from Rs 268 per sq.ft in 2017. There were no changes from 2023 to 2024.

What are the other streets in Podavoor and their guideline values?

Other streets in Podavoor include Chemman Kuttai Street and Ellaiamman Kovil Street, both at Rs 181 per sq.ft, and Bajanai Kovil Street at Rs 300 per sq.ft. Anubav Green Rich Village and Anubav Green Land are at Rs 600 per sq.ft.

What is the stamp duty rate for property in Detroid Layout?

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

Where can I find the Sub Registrar Office for Detroid Layout?

The Sub Registrar Office for Detroid Layout is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.