Guideline Value for HAPPY VALLEY

Happy Valley guideline value

The current guideline value for Happy Valley, located in Eachankaranai village under the Chengleput Joint II SRO, is Rs 2,000 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Mixed Special Type - II.

How the guideline value of Happy Valley has changed

In the 2023 revision, the guideline value for Happy Valley was also set at Rs 2,000 per sq.ft, indicating no change from the previous year. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

With the 2024 revision, the guideline value remains at Rs 2,000 per sq.ft, reflecting a change of +0% from the 2023 revision. This consistency in value suggests stability in the guideline pricing for this area.

Guideline values in Eachankaranai

Within Eachankaranai, there are 10 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. Happy Valley's 2024 figure is above the median of Rs 500 per sq.ft for the village.

• Avingna Celeste: Rs 600 per sq.ft (2024)
• Avigna Emminence: Rs 750 per sq.ft (2024)
• Pristine Pavilion: Rs 400 per sq.ft (2024)
• Sree Baba Nagar: Rs 500 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 400 per sq.ft (2024)
• Sthiya Sai Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Happy Valley

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total cost for these fees Rs 1,80,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Happy Valley?

The Sub Registrar Office that covers Happy Valley is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Eachankaranai

The guideline value plays a crucial role during the registration process of property transactions in Eachankaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Happy Valley?

The current guideline value of Happy Valley is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

The guideline value for Happy Valley has remained at Rs 2,000 per sq.ft for both the 2023 and 2024 revisions, showing no change. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Eachankaranai?

In Eachankaranai, other streets have varying guideline values, ranging from Rs 400 to Rs 750 per sq.ft. Happy Valley's value is above the median of Rs 500 per sq.ft for the village.

What fees are associated with buying property in Happy Valley?

When buying property in Happy Valley, the stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,80,000 in fees.

Which office do I need to register my property in Happy Valley?

The Chengleput Joint II Sub Registrar Office is responsible for property registrations in Happy Valley. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.