Guideline Value for Rainbow Villas

Rainbow Villas guideline value

The current guideline value for Rainbow Villas in Navaloor village, under the Thiruporur SRO, is Rs 3,732 per sq.ft. The land classification for this area is Mixed Type - III.

How the guideline value of Rainbow Villas has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Rainbow Villas. The most recent revision in 2023 shows a guideline value of Rs 3,732 per sq.ft, which has not changed from previous revisions.

As of the 2023 revision, the guideline value stands at Rs 3,732 per sq.ft. There have been no changes between the revisions listed, indicating stability in the guideline value for this street.

Guideline values in Navaloor

Currently, there are no specific village figures provided for Navaloor. The guideline value for Rainbow Villas is Rs 3,732 per sq.ft, and there are no other streets in Navaloor under the Thiruporur SRO listed.

Stamp duty and registration fee for property in Rainbow Villas

For a 1,000 sq.ft plot at the current guideline value of Rs 3,732 per sq.ft, the total guideline value amounts to Rs 37,32,000. The stamp duty at 7% would be Rs 2,61,240, and the registration fee at 2% would be Rs 74,640, together totaling Rs 3,35,880. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Rainbow Villas?

The Rainbow Villas area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Navaloor. It serves as a reference point for determining the stamp duty and registration fees applicable during the buying or selling process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Rainbow Villas?

The current guideline value for Rainbow Villas is Rs 3,732 per sq.ft, as per the 2023 revision from the guideline value register.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision for Rainbow Villas occurring in 2023. Previous revisions for this street have no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Rainbow Villas?

Rainbow Villas is classified as Mixed Type - III, which indicates the type of land use permitted in the area.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Rainbow Villas?

Stamp duty for properties in Rainbow Villas is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,61,240 at the current guideline value.