Guideline Value for HOMELAND 124 PHASE - 2

Homeland 124 Phase - 2 guideline value

The current guideline value of Homeland 124 Phase - 2 is Rs 3,400 per sq.ft. This property is located in Udaiyavarkoil village under the Poonamallee SRO, classified as Residential Class IV Type - III.

How the guideline value of Homeland 124 Phase - 2 has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street. The guideline value for Homeland 124 Phase - 2 was Rs 3,400 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. Thus, the change from 2023 to 2024 is +0%.

The most recent revision effective from 1 July 2024 maintains the guideline value at Rs 3,400 per sq.ft, reflecting stability in the valuation for this property over the past year.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,400 per sq.ft. The median guideline value for the area is Rs 550 per sq.ft, making the guideline value of Homeland 124 Phase - 2 above this median.

• Homeland 124 Phase-I: Rs 3,350 per sq.ft (2024)
• Guberan Garden: Rs 550 per sq.ft (2024)
• Gangai kondan mandapa veethi: Rs 825 per sq.ft (2024)
• Eswaran koil vadavandai mada veethi: Rs 825 per sq.ft (2024)
• Eswaran koil street: Rs 550 per sq.ft (2024)
• Durga nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Homeland 124 Phase - 2

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, while the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. 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 Homeland 124 Phase - 2?

The Sub Registrar Office covering Homeland 124 Phase - 2 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Udaiyavarkoil. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Homeland 124 Phase - 2?

The current guideline value of Homeland 124 Phase - 2 is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Homeland 124 Phase - 2 has remained at Rs 3,400 per sq.ft since the 2023 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the median guideline value in Udaiyavarkoil?

The median guideline value in Udaiyavarkoil is Rs 550 per sq.ft. The guideline value of Homeland 124 Phase - 2 is above this median.

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

The stamp duty for a property valued at Rs 34,00,000 would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Where is the Sub Registrar Office for Homeland 124 Phase - 2 located?

The Sub Registrar Office for Homeland 124 Phase - 2 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.