Guideline Value for HOMELAND KLASSIC

Homeland Klassic guideline value

The current guideline value of Homeland Klassic is Rs 2,900 per sq.ft. It is located in Kollappancheri village under the Poonamallee SRO and is classified as Residential Special Type - III.

How the guideline value of Homeland Klassic has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Homeland Klassic. The 2023 revision shows a guideline value of Rs 2,900 per sq.ft, which remains the same in the 2024 revision, effective from 1 July 2024.

From the 2023 to the 2024 revision, there has been no change in the guideline value, maintaining the rate at Rs 2,900 per sq.ft.

Guideline values in Kollappancheri

Kollappancheri has 7 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 2,300 per sq.ft, placing Homeland Klassic's 2024 figure above that median.

• Kamachi Nagar: Rs 550 per sq.ft (2024)
• Kamatchi Nagar 5/28b: Rs 1,720 per sq.ft (2024)
• Chaitanya Avenue: Rs 2,300 per sq.ft (2024)
• Rakesh Avenue: Rs 1,720 per sq.ft (2024)
• Royal Castle Phase-I: Rs 2,300 per sq.ft (2024)
• Royal Castle Phase - II: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Homeland Klassic

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total fees to Rs 2,61,000. 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 Klassic?

The Sub Registrar Office that covers Homeland Klassic 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 Kollappancheri

The guideline value plays a crucial role during the registration of property transactions in Kollappancheri. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Homeland Klassic?

The current guideline value of Homeland Klassic is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Homeland Klassic has remained unchanged at Rs 2,900 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kollappancheri?

The median guideline value for the streets in Kollappancheri is Rs 2,300 per sq.ft. Homeland Klassic's guideline value is above this median.

What are the stamp duty and registration fees for a property in Homeland Klassic?

For a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 and the registration fee would be Rs 58,000, totaling Rs 2,61,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Homeland Klassic located?

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