Guideline Value for GENIUS SQUARE

Genius Square guideline value

The current guideline value of Genius Square, located in Puthupakkam village under the Thiruporur SRO, is Rs 2,010 per sq.ft. The land classification for this area is Residential Special Type - IV.

How the guideline value of Genius Square has changed

According to the guideline value register, the revisions for Genius Square began with the 2002 revision, which has no figure listed for this street. The subsequent revisions in 2003, 2007, and 2012 also show no figures for this street. In the 2017 revision, the guideline value was set at Rs 2,010 per sq.ft, which remained unchanged in the 2023 revision.

From the 2017 revision to the 2023 revision, the guideline value saw no increase, maintaining a consistent rate of Rs 2,010 per sq.ft. This indicates stability in the guideline value for Genius Square over the recent years.

Guideline values in Puthupakkam

Currently, there are no specific village figures available for Puthupakkam. Genius Square is part of this locality, and there are no other streets in Puthupakkam under the Thiruporur SRO listed in the available data.

Stamp duty and registration fee for property in Genius Square

For a 1,000 sq.ft plot at the current guideline value of Rs 2,010 per sq.ft, the total guideline value amounts to Rs 20,10,000. The stamp duty at 7% would be Rs 1,40,700, and the registration fee at 2% would be Rs 40,200, bringing the total cost for stamp duty and registration fees to Rs 1,80,900. It's important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Genius Square?

The Thiruporur Sub Registrar Office covers Genius Square. The office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Puthupakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that all transactions are recorded accurately and in compliance with local regulations.

The guideline value helps in assessing the fair value of the property, which is essential for both buyers and sellers. It provides a standardized measure that can be used to compare properties within the same locality, facilitating a smoother transaction process.

Frequently asked questions

What is the current guideline value of Genius Square?

The current guideline value of Genius Square is Rs 2,010 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Genius Square has remained unchanged at Rs 2,010 per sq.ft since the 2017 revision, with no figures available for revisions prior to that in 2002, 2003, 2007, and 2012.

What is the land classification for Genius Square?

The land classification for Genius Square is Residential Special Type - IV, indicating its designation for residential use within the locality.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for property in Genius Square?

Stamp duty for property in Genius Square is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 20,10,000, leading to a stamp duty of Rs 1,40,700 at 7%.