Guideline Value for Jeevan sakthi Teak Farms

Jeevan sakthi Teak Farms guideline value

The current guideline value of Jeevan sakthi Teak Farms is Rs 181 per sq.ft, effective from 1 July 2024. This property is located in Padichery village, under the Sunguvarchattram SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Jeevan sakthi Teak Farms has changed

The guideline value for Jeevan sakthi Teak Farms has seen several revisions over the years. The 2012 revision set the value at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in the 2017 revision, representing a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft. The 2023 revision maintained the same value of Rs 181 per sq.ft, with no change noted in the transition to the 2024 revision.

There are no figures available for the revisions from 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 1%.

Guideline values in Padichery

In Padichery, there are eight streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 1,350 per sq.ft, with a median of Rs 191 per sq.ft. The guideline value for Jeevan sakthi Teak Farms is below this median.

• Kamarajar Street: Rs 181 per sq.ft (2024)
• K.S.K Nagar: Rs 200 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Periyar Street: Rs 181 per sq.ft (2024)
• Please Plantations and Hills Resorts: Rs 181 per sq.ft (2024)
• Udaiyar Avenue: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevan sakthi Teak Farms

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, totaling Rs 16,290. 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 Jeevan sakthi Teak Farms?

The Jeevan sakthi Teak Farms area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Padichery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is registered at a fair value, which is essential for legal and financial purposes. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jeevan sakthi Teak Farms?

The current guideline value of Jeevan sakthi Teak Farms is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in 2023 and remained the same in 2024.

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

Other streets in Padichery include Kamarajar Street and Periyar Street at Rs 181 per sq.ft, K.S.K Nagar and Anna Street at Rs 200 per sq.ft, and Udaiyar Avenue at Rs 250 per sq.ft.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

Where can I find the Sub Registrar Office for Jeevan sakthi Teak Farms?

The Sub Registrar Office covering Jeevan sakthi Teak Farms is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.