Guideline Value for PURVA SOUKHYAM PHASE-M

Purva Soukhyam Phase-M guideline value

The current guideline value of Purva Soukhyam Phase-M is Rs 1,600 per sq.ft. This property is located in Kayirambedu village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - IV.

How the guideline value of Purva Soukhyam Phase-M has changed

The guideline value register has no figures for Purva Soukhyam Phase-M for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, where the guideline value was set at Rs 1,600 per sq.ft, effective from 1 July 2024. There have been no changes between the revisions above.

As there are no figures available for the previous years, the 2024 revision stands as the first recorded guideline value for this street. This indicates a clear establishment of the value for future transactions.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, and the guideline value for Purva Soukhyam Phase-M is above this median.

• Purva Soukhyam Phase-C: Rs 1,600 per sq.ft (2024)
• Pugazh Avenue: Rs 700 per sq.ft (2024)
• Ragavendra Nagar: Rs 700 per sq.ft (2024)
• P R Avenue: Rs 1,500 per sq.ft (2024)
• Pragathi Enclave Phase 2: Rs 700 per sq.ft (2024)
• Pragathi Enclave Phase 1: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Purva Soukhyam Phase-M

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Purva Soukhyam Phase-M?

The Sub Registrar Office that covers Purva Soukhyam Phase-M is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kayirambedu. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is sold, the guideline value helps determine the amount of tax that needs to be paid. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Purva Soukhyam Phase-M?

The current guideline value of Purva Soukhyam Phase-M is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for Purva Soukhyam Phase-M for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded value is from the 2024 revision, which is Rs 1,600 per sq.ft.

What are the guideline values of other streets in Kayirambedu?

Other streets in Kayirambedu have varying guideline values, with rates ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft.

What are the stamp duty and registration fees for properties in Purva Soukhyam Phase-M?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. The duty is calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Purva Soukhyam Phase-M?

The Chengleput Joint II Sub Registrar Office covers Purva Soukhyam Phase-M, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.