Guideline Value for F.T.Z.Phase III,IV,V

F.T.Z.Phase III,IV,V guideline value

The current guideline value for F.T.Z.Phase III,IV,V is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Kadaperi village and falls under the Tambaram Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of F.T.Z.Phase III,IV,V has changed

The guideline value for F.T.Z.Phase III,IV,V has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft.

Examining the changes between these revisions, there was a significant increase of 49% from 2017 to 2023. The value then rose by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that the guideline value for F.T.Z.Phase III,IV,V is below this median.

• Erikarai Rangam Street: Rs 1,650 per sq.ft (2024)
• Erikarai 7th Street: Rs 1,650 per sq.ft (2024)
• Erikarai 6th Street: Rs 1,650 per sq.ft (2024)
• Erikarai 5th Street: Rs 1,650 per sq.ft (2024)
• Erikarai 4th Street: Rs 1,650 per sq.ft (2024)
• Erikarai 3rd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in F.T.Z.Phase III,IV,V

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 details.

Which Sub Registrar Office covers F.T.Z.Phase III,IV,V?

The F.T.Z.Phase III,IV,V area is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kadaperi. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This means that if the sale price is lower than the guideline value, the higher guideline value will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value for F.T.Z.Phase III,IV,V?

The current guideline value for F.T.Z.Phase III,IV,V is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for F.T.Z.Phase III,IV,V?

The land classification for F.T.Z.Phase III,IV,V is Residential Class II Type - I.

Where can I find the Sub Registrar Office for F.T.Z.Phase III,IV,V?

The Sub Registrar Office covering F.T.Z.Phase III,IV,V is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be calculated at 7% of that amount.