Guideline Value for National Farm Complex

National Farm Complex guideline value

The current guideline value for National Farm Complex in Panchalai village, under the Gummidipoondi SRO, is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of National Farm Complex has changed

The guideline value for National Farm Complex has remained consistent in recent years. The 2023 revision also listed the guideline value at Rs 100 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, which remained at Rs 100 per sq.ft. This indicates stability in the valuation for this property over the last two years.

Guideline values in Panchalai

Currently, there are no specific village figures provided for Panchalai. National Farm Complex is the only street listed under the Gummidipoondi SRO. There are no other streets in Panchalai with given guideline values.

Stamp duty and registration fee for property in National Farm Complex

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value totals Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. 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 National Farm Complex?

The National Farm Complex is covered by the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration process of property transactions in Panchalai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair basis for the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for National Farm Complex?

The current guideline value for National Farm Complex is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for National Farm Complex?

The land classification for National Farm Complex is Residential Class I Type - II.

What is the stamp duty rate for properties in National Farm Complex?

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

Where is the Gummidipoondi Sub Registrar Office located?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.