Guideline Value for Heavenly Eleven

Heavenly Eleven guideline value

The current guideline value of Heavenly Eleven in Kilay village, under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Heavenly Eleven has changed

The guideline value for Heavenly Eleven has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft. This was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 400 per sq.ft, marking a 49% rise. The 2023 revision maintained the same value of Rs 400 per sq.ft, which is now set to continue into the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has remained unchanged at Rs 400 per sq.ft.

Guideline values in Kilay

In Kilay, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Heavenly Eleven above this median.

• Green Field: Rs 400 per sq.ft (2024)
• J.P. Nagar: Rs 200 per sq.ft (2024)
• Kujalamba Colony: Rs 300 per sq.ft (2024)
• Buvaneswari Nagar IV: Rs 300 per sq.ft (2024)
• Kutty Nagar: Rs 300 per sq.ft (2024)
• Bhuvaneswari Nagar VIII: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Heavenly Eleven

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Heavenly Eleven?

The Heavenly Eleven area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilay. It serves as the basis for calculating the stamp duty and registration fees that are required at the time of property registration.

When a property is sold, the guideline value is used to determine the minimum price at which the property can be registered. This ensures that the government receives the appropriate taxes based on the established guideline values.

Frequently asked questions

What is the current guideline value of Heavenly Eleven?

The current guideline value of Heavenly Eleven is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and remains at that value for 2024.

What is the land classification for Heavenly Eleven?

Heavenly Eleven is classified as Residential Special Type - I, indicating its intended use for residential purposes.

How is stamp duty calculated for properties in Heavenly Eleven?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 400 per sq.ft, the stamp duty would be Rs 28,000.

Where can I find the Sub Registrar Office for Heavenly Eleven?

The Sub Registrar Office covering Heavenly Eleven is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.