Guideline Value for Little Farms

Little Farms guideline value

The current guideline value of Little Farms is Rs 200 per sq.ft. It is located in Vallam_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Little Farms has changed

The guideline value for Little Farms has undergone several revisions over the years. In the 2017 revision, the value was Rs 134 per sq.ft. This figure remained unchanged in the 2023 and 2024 revisions, which both recorded a guideline value of Rs 200 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Comparing the revisions, there has been a significant increase of 49% from 2017 to 2023, and the overall change from 2017 to 2024 is also +49%. The guideline value has not changed from 2023 to 2024, remaining at Rs 200 per sq.ft.

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, with a median value of Rs 400 per sq.ft. The guideline value of Little Farms is below this median.

• Madha Koil Street: Rs 200 per sq.ft (2024)
• K.R. Nagar: Rs 1,950 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Kavery Nagar: Rs 400 per sq.ft (2024)
• Mettu Street: Rs 400 per sq.ft (2024)
• Molakkalamman Koil Street: Rs 400 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 would be 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, making the total charges Rs 18,000. 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 details.

Which Sub Registrar Office covers Little Farms?

The Sub Registrar Office that covers Little Farms 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 Vallam_B

The guideline value is a crucial factor in the registration process of property transactions in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the property's value at the time of the transaction.

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 remained unchanged at Rs 200 per sq.ft from 2023 to 2024. It increased by 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification of Little Farms?

Little Farms is classified as Residential Class III Type - I under the Sriperumpudur SRO.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Little Farms located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles the registration of properties in Little Farms.