Guideline Value for Highway

Highway guideline value

The current guideline value for Highway in Vallam_B village, under the Sriperumpudur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Highway has changed

The guideline value for Highway has seen several revisions over the years. In the 2017 revision, the value was set at Rs 402 per sq.ft. This figure remained unchanged in the subsequent 2023 revision, which also recorded Rs 600 per sq.ft. The latest revision in 2024 has also maintained the guideline value at Rs 600 per sq.ft, resulting in a 49% increase from the 2017 figure to the current value.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision showed no change, with a 0% increase.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 per sq.ft, indicating that Highway's 2024 figure of Rs 600 per sq.ft is above this median.

• Green Holiday Resorts: Rs 300 per sq.ft (2024)
• Gowtham Nagar Extn-IV: Rs 600 per sq.ft (2024)
• Gowtham Nagar: Rs 600 per sq.ft (2024)
• Gnanagiri nagar: Rs 1,950 per sq.ft (2024)
• Jemi Housing VMR Nagar Phase 3: Rs 200 per sq.ft (2024)
• Gayathiri Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Highway

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that 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 information.

Which Sub Registrar Office covers Highway?

The Highway 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 Vallam_B

The guideline value is a crucial factor during the registration process when buying or selling property in Vallam_B. It is used to determine the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a buyer or seller engages in a transaction, the guideline value ensures that the property is assessed fairly for taxation purposes. This value is regularly updated to reflect changes in the market and ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Highway?

The current guideline value for Highway in Vallam_B village is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Highway has remained at Rs 600 per sq.ft since the 2023 revision. It increased from Rs 402 per sq.ft in 2017, marking a 49% rise overall from 2017 to 2024.

What are the other streets in Vallam_B and their guideline values?

Other streets in Vallam_B include Green Holiday Resorts at Rs 300 per sq.ft, Gowtham Nagar Extn-IV at Rs 600 per sq.ft, and Gnanagiri nagar at Rs 1,950 per sq.ft, among others.

What are the stamp duty and registration fees for property in Highway?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Highway?

The Sub Registrar Office covering Highway is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant link.