Guideline Value for Quidemillath Nagar

Quidemillath Nagar guideline value

The current guideline value of Quidemillath Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Katrampakkam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Quidemillath Nagar has changed

Over the years, the guideline value for Quidemillath Nagar has seen several revisions. The register shows the following figures: in 2012, the value was Rs 250 per sq.ft; in 2017, it decreased to Rs 167 per sq.ft; and in 2023, it returned to Rs 250 per sq.ft. The current revision for 2024 maintains this value at Rs 250 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 50% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 250 per sq.ft.

Guideline values in Katrampakkam

Katrampakkam village has a total of 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median value among these streets is Rs 250 per sq.ft, which aligns with the guideline value of Quidemillath Nagar.

• Poongavanaththamman Koil Street: Rs 250 per sq.ft (2024)
• Perumal Koil Street: Rs 250 per sq.ft (2024)
• Ram Nagar: Rs 250 per sq.ft (2024)
• Royal Homes: Rs 400 per sq.ft (2024)
• Pallavan Nagar: Rs 500 per sq.ft (2024)
• Pakiya Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Quidemillath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, calculated at 7%, would be Rs 17,500, while the registration fee at 2% would be Rs 5,000. Therefore, the total cost for stamp duty and registration fee would be Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Quidemillath Nagar?

The Sub Registrar Office that covers Quidemillath Nagar 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 Katrampakkam

The guideline value plays a crucial role during property registration in Katrampakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, the guideline value helps to establish a fair price for taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Quidemillath Nagar?

The current guideline value of Quidemillath Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft in 2023 and 2024, with a previous decrease to Rs 167 per sq.ft in 2017. The value was Rs 250 per sq.ft in 2012, indicating fluctuations in earlier years.

What is the median guideline value in Katrampakkam?

The median guideline value in Katrampakkam is Rs 250 per sq.ft, which is the same as the current guideline value for Quidemillath Nagar.

What are the stamp duty and registration fees for property in Quidemillath Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 250 per sq.ft, the total fees would amount to Rs 22,500.

Which office handles registrations for Quidemillath Nagar?

The Sriperumpudur Sub Registrar Office handles registrations for Quidemillath Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.