Guideline Value

Corporate

Guideline Value for Highways Nagar

₹600/sq.ft.

The guideline value for Highways Nagar in Valarpuram village (Sriperumpudur SRO, Chengalpattu zone) is Rs 600 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Valarpuram

Village

Sriperumpudur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹600 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹175 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Highways Nagar

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Highways Nagar guideline value

The current guideline value of Highways Nagar, located in Valarpuram village under the Sriperumpudur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Highways Nagar has changed

The guideline value for Highways Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 175 per sq.ft. This value saw a significant increase to Rs 600 per sq.ft in 2012, marking a rise of 243%. However, it dropped to Rs 402 per sq.ft in 2017, a decrease of 33%. The value then remained stable at Rs 600 per sq.ft in both 2023 and the current 2024 revision, indicating no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 243%, reflecting the fluctuations and stability in the recent revisions.

Guideline values in Valarpuram

In Valarpuram, there are a total of 91 streets under the Sriperumpudur SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. Highways Nagar's current guideline value is above this median, indicating a relatively higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Highways Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Highways Nagar?

The Sub Registrar Office that covers Highways Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Valarpuram. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable, ensuring that the transaction is recorded at a fair value as per government regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the registration process. This value is regularly updated to reflect changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Highways Nagar?

The current guideline value of Highways Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase occurring between 2007 and 2012, where it rose by 243%. The value has remained stable at Rs 600 per sq.ft since 2012, with no change from 2023 to 2024.

What are the other streets in Valarpuram with their guideline values?

Other streets in Valarpuram include Green Homes at Rs 400 per sq.ft, Golden Acres @ Shriram One City at Rs 1,800 per sq.ft, and Jayanthi Town Part I and II, both at Rs 300 per sq.ft.

What is the stamp duty rate for properties in Highways Nagar?

The stamp duty rate for properties in Highways Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Highways Nagar located?

The Sub Registrar Office for Highways Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.