Guideline Value for Layout (No Name)

Layout (No Name) guideline value

The current guideline value for Layout (No Name) in Karikili village is Rs 120 per sq.ft, effective from 1 July 2024. This area falls under the Salavakkam SRO and is classified as Residential Special Type - I.

How the guideline value of Layout (No Name) has changed

The guideline value for Layout (No Name) has seen several revisions over the years. The 2012 revision set the value at Rs 120 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 80 per sq.ft, reflecting a decrease of 33% from the previous revision. From 2017 to 2023, the value increased by 50%, bringing it back to Rs 120 per sq.ft. The 2024 revision also maintains this figure, showing no change from the previous year.

There are no guideline value figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 120 per sq.ft.

Guideline values in Karikili

In Karikili village, there are 12 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft. The median value for these streets is Rs 116 per sq.ft, and Layout (No Name) is above this median at Rs 120 per sq.ft.

• Madura Nagar: Rs 111 per sq.ft (2024)
• Kuberan Nagar: Rs 120 per sq.ft (2024)
• K.J.Nagar Phase-III: Rs 120 per sq.ft (2024)
• K.J.Nagar Phase-II: Rs 111 per sq.ft (2024)
• K.J.Nagar: Rs 111 per sq.ft (2024)
• Nemichand Park: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Layout (No Name)

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value would be Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, bringing the total fees to Rs 10,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Layout (No Name)?

The Sub Registrar Office that covers Layout (No Name) is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Karikili. It determines the minimum value on which stamp duty and registration fees are calculated during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in establishing a baseline for the transaction. It ensures that the property is not undervalued, which could lead to legal complications during the registration process.

Frequently asked questions

What is the current guideline value for Layout (No Name)?

The current guideline value for Layout (No Name) is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 120 per sq.ft. The value was Rs 80 per sq.ft in 2017 and has increased by 50% to reach the current figure.

Where can I find the Sub Registrar Office for Layout (No Name)?

The Salavakkam Sub Registrar Office covers Layout (No Name) and is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Layout (No Name)?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,20,000. The stamp duty is Rs 8,400, and the registration fee is Rs 2,400, totaling Rs 10,800.

What is the land classification for Layout (No Name)?

Layout (No Name) is classified as Residential Special Type - I, which is important for understanding the regulations and potential uses for the property.