Guideline Value for Port Homes

Port Homes guideline value

The current guideline value of Port Homes in Sengadu village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Port Homes has changed

Looking back at the revisions, the guideline value for Port Homes was Rs 500 per sq.ft in 2012, 2023, and now in 2024. The 2017 revision saw a significant increase to Rs 335 per sq.ft, reflecting a 49% rise from the previous revision. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33% in the guideline value. However, when comparing the overall change from 2012 to 2024, the guideline value remains unchanged at Rs 500 per sq.ft.

Guideline values in Sengadu

Sengadu village has 24 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 101 to Rs 500 per sq.ft, with a median of Rs 150 per sq.ft. Port Homes' value is above this median.

• Puthumetu Street: Rs 150 per sq.ft (2024)
• Putru Koil Street: Rs 150 per sq.ft (2024)
• Perumal Koil Street: Rs 150 per sq.ft (2024)
• Perumal Koil 3rd Street: Rs 150 per sq.ft (2024)
• Pathiratchi Amman Koil Street: Rs 200 per sq.ft (2024)
• Shannmuga Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Port Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Port Homes?

The Sub Registrar Office covering Port Homes 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 Sengadu

The guideline value plays a crucial role during the registration of property transactions in Sengadu. It is used to calculate the stamp duty and registration fees that buyers must pay when acquiring property.

When selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Port Homes?

The current guideline value of Port Homes in Sengadu village is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Port Homes has seen several revisions, with the most recent being Rs 500 per sq.ft in 2023 and 2024. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What are the other guideline values in Sengadu?

In Sengadu, the guideline values range from Rs 101 to Rs 500 per sq.ft, with a median of Rs 150 per sq.ft. Port Homes' value is above this median, indicating a higher classification within the village.

How is stamp duty calculated for properties in Port Homes?

Stamp duty for properties in Port Homes is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft results in a total guideline value of Rs 5,00,000.

Where can I find the Sub Registrar Office for Port Homes?

The Sub Registrar Office for Port Homes is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.