Guideline Value for Little Farms

Little Farms guideline value

The current guideline value of Little Farms, located in Vallam village under the Sriperumpudur SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Little Farms has changed

Over the years, the guideline value of Little Farms has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 60 per sq.ft. This increased to Rs 200 per sq.ft in 2012, showing a significant rise of 233%. However, in 2017, the value adjusted down to Rs 134 per sq.ft, marking a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 200 per sq.ft, indicating no change between these two years.

The overall change from 2007 to 2024 is an increase of 233%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of Little Farms.

• Madha Koil Street: Rs 200 per sq.ft (2024)
• Kumaran Nagar: Rs 200 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Kavery Nagar: Rs 410 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Muthamil Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Little Farms

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that 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 Little Farms?

The Little Farms area falls under the jurisdiction of 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 Vallam

The guideline value plays a crucial role in property transactions in Vallam. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Little Farms?

The current guideline value of Little Farms is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 60 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then dropping to Rs 134 per sq.ft in 2017. Since 2017, it has remained at Rs 200 per sq.ft in both 2023 and 2024.

What are the other streets in Vallam with similar guideline values?

Other streets in Vallam with a guideline value of Rs 200 per sq.ft in 2024 include Madha Koil Street, Kumaran Nagar, Mariyamman Koil Street, Mettu Street, and Muthamil Nagar.

What is the stamp duty rate for properties in Little Farms?

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

Where can I find the Sub Registrar Office for Little Farms?

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