Guideline Value for HOMELAND ONE PHASE - II

Homeland One Phase - II guideline value

The current guideline value of Homeland One Phase - II is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Nedunkumdram village, under the Tambaram Joint 1 SRO, and falls under the Residential Class II Type - IV land classification.

How the guideline value of Homeland One Phase - II has changed

The guideline value for Homeland One Phase - II has seen several revisions over the years. In the 2017 revision, the value was set at Rs 2,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 has further increased the value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the guideline value of Homeland One Phase - II above this median.

• Homeland One Phase -5: Rs 2,200 per sq.ft (2024)
• Homeland One: Rs 3,300 per sq.ft (2024)
• Home Land Nemra: Rs 3,300 per sq.ft (2024)
• Indirani Nagar: Rs 1,320 per sq.ft (2024)
• Isha Anandham: Rs 1,980 per sq.ft (2024)
• Isha Merri Land: Rs 2,660 per sq.ft (2024)

Stamp duty and registration fee for property in Homeland One Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Homeland One Phase - II?

The Sub Registrar Office that covers Homeland One Phase - II is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Nedunkumdram

The guideline value is an essential factor when registering property transactions in Nedunkumdram. It helps determine the stamp duty and registration fees applicable to the property, ensuring that the correct amounts are paid during the registration process.

When you buy or sell property, the guideline value serves as a reference point for both buyers and sellers. It is crucial to be aware of the current guideline value to understand the financial implications of the transaction, including the costs associated with registration.

Frequently asked questions

What is the current guideline value of Homeland One Phase - II?

The current guideline value of Homeland One Phase - II is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 65% over this period.

What are the other streets with guideline values in Nedunkumdram?

Other streets in Nedunkumdram include Homeland One Phase -5 at Rs 2,200 per sq.ft, Homeland One at Rs 3,300 per sq.ft, Home Land Nemra at Rs 3,300 per sq.ft, Indirani Nagar at Rs 1,320 per sq.ft, Isha Anandham at Rs 1,980 per sq.ft, and Isha Merri Land at Rs 2,660 per sq.ft.

What is the stamp duty for property in Homeland One Phase - II?

The stamp duty for a property valued at Rs 33,00,000 in Homeland One Phase - II would be Rs 2,31,000, calculated at 7% of the guideline value.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Tambaram Joint 1 Sub Registrar Office located at No.26, mes Road, East Tambaram, Chennai-600059. For more details, you can use the find your SRO link.