Guideline Value for HOMELAND 124 PHASE-I

Homeland 124 Phase-I guideline value

The current guideline value for Homeland 124 Phase-I is Rs 3,350 per sq.ft. This property is located in Udaiyavarkoil village, under the Poonamallee SRO. The land classification for this area is Residential Special Type - IV.

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

The guideline value for Homeland 124 Phase-I has remained constant at Rs 3,350 per sq.ft since the 2023 revision. The 2024 revision, effective from 1 July 2024, also lists the value at Rs 3,350 per sq.ft, indicating no change from the previous year.

For earlier years, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002. Therefore, only the 2023 and 2024 revisions are available for reference, both showing the same guideline value.

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, with a median of Rs 550 per sq.ft. The guideline value for Homeland 124 Phase-I is above this median.

• Homeland 124 Phase - 2: Rs 3,400 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-I

For a 1,000 sq.ft plot at the current rate of Rs 3,350 per sq.ft, the guideline value would be Rs 33,50,000. The stamp duty at 7% would amount to Rs 2,34,500, and the registration fee at 2% would be Rs 67,000, bringing the total to Rs 3,01,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Homeland 124 Phase-I?

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

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

The guideline value is a crucial factor in property transactions in Udaiyavarkoil, as it determines the amount of stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning for these costs.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction reflects the actual value of the property in the market.

Frequently asked questions

What is the current guideline value for Homeland 124 Phase-I?

The current guideline value for Homeland 124 Phase-I is Rs 3,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Homeland 124 Phase-I has remained at Rs 3,350 per sq.ft for the years 2023 and 2024. There are no figures available in the register for the years 2017, 2012, 2007, 2003, and 2002.

What is the registration office for this area?

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

How is stamp duty calculated?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,50,000, the stamp duty at 7% would be Rs 2,34,500.

What other streets have guideline values in Udaiyavarkoil?

Other streets in Udaiyavarkoil include Homeland 124 Phase - 2 at Rs 3,400 per sq.ft, Guberan Garden at Rs 550 per sq.ft, and Gangai kondan mandapa veethi at Rs 825 per sq.ft, among others.