Guideline Value for Farm Scapes Layout

Farm Scapes Layout guideline value

The current guideline value of Farm Scapes Layout in Malaipattu village, under the Sunguvarchattram SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Farm Scapes Layout has changed

Over the years, the guideline value for Farm Scapes Layout has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from 2012. The most recent revision in 2024 saw no change, maintaining the value at Rs 200 per sq.ft, which is consistent with the previous year's figure.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been no net change, as both revisions recorded Rs 200 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malaipattu

Malaipattu village has 36 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 150 to Rs 1,181 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is the same as the current guideline value for Farm Scapes Layout.

• Gandhi Street: Rs 200 per sq.ft (2024)
• Ganesh Nagar: Rs 200 per sq.ft (2024)
• Garden City: Rs 441 per sq.ft (2024)
• Golden City: Rs 441 per sq.ft (2024)
• Chakravarthy Avenue: Rs 441 per sq.ft (2024)
• Bhavani Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Farm Scapes Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Farm Scapes Layout?

The Farm Scapes Layout is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Malaipattu, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and is used as a benchmark for calculating these fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Farm Scapes Layout?

The current guideline value of Farm Scapes Layout is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017 and an increase back to Rs 200 per sq.ft in subsequent years. The 2023 revision also maintained the value at Rs 200 per sq.ft.

What is the land classification of Farm Scapes Layout?

Farm Scapes Layout is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where can I find the Sub Registrar Office for Farm Scapes Layout?

The Sub Registrar Office covering Farm Scapes Layout is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.