Guideline Value for GREEN SPACE THAAYAGAM HOMES

Green Space Thaayagam Homes guideline value

The current guideline value of Green Space Thaayagam Homes in Velichai village is Rs 100 per sq.ft, as per the 2023 revision. This property falls under the Thiruporur SRO and is classified as Residential Class I Type - I.

How the guideline value of Green Space Thaayagam Homes has changed

Looking at the revisions, the guideline value for this property was Rs 100 per sq.ft in 2012. It then decreased to Rs 67 per sq.ft in 2017, marking a decline of 33%. However, in the 2023 revision, the value increased to Rs 100 per sq.ft, resulting in a 49% increase from the 2017 figure. Overall, from 2012 to 2023, the guideline value remains unchanged at Rs 100 per sq.ft.

The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Velichai

Currently, there are no specific village figures available for Velichai. Green Space Thaayagam Homes is the only street mentioned under the Thiruporur SRO.

Stamp duty and registration fee for property in Green Space Thaayagam Homes

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value totals Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. 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 Green Space Thaayagam Homes?

The Thiruporur Sub Registrar Office covers Green Space Thaayagam Homes. The office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

For more information, you can find your SRO.

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

When buying or selling property in Velichai, the guideline value is a crucial factor as it determines the amount of stamp duty and registration fees payable. The guideline value serves as a benchmark for transactions, ensuring that the property is registered at a value that reflects its worth according to government standards.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of property transactions. The registration process requires that the property be valued at either the guideline value or the agreed sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Green Space Thaayagam Homes?

The current guideline value for Green Space Thaayagam Homes is Rs 100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 100 per sq.ft in 2023, resulting in a 49% increase from the 2017 figure.

Is there a guideline value for the year 2024?

No, the register does not provide a guideline value for the year 2024 for Green Space Thaayagam Homes.

What is the stamp duty rate for properties in Green Space Thaayagam Homes?

The stamp duty rate for properties in Green Space Thaayagam Homes is 7% of the guideline value or sale price, whichever is higher.

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.