Guideline Value for S & P SIGNATURE VILLAS

S & P Signature Villas guideline value

The current guideline value of S & P Signature Villas in Nedunkumdram village is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of S & P Signature Villas has changed

The guideline value for S & P Signature Villas has seen significant changes over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The latest revision in 2024 has raised this figure to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 146% from the 2017 revision to the 2024 revision. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has a range of guideline values across its 75 streets under the Tambaram Joint 1 SRO, with values varying from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, placing S & P Signature Villas below this median.

• Square Deck Layout: Rs 2,200 per sq.ft (2024)
• Sbjh Garden: Rs 1,980 per sq.ft (2024)
• Sri Sai Avenue: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar Extension: Rs 1,430 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,430 per sq.ft (2024)
• Ssm Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in S & P Signature Villas

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers S & P Signature Villas?

The S & P Signature Villas is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Nedunkumdram. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is bought or sold, the guideline value helps determine the official value of the property for registration purposes. This value is used to calculate the necessary fees, which are mandatory for completing the registration process.

Frequently asked questions

What is the current guideline value of S & P Signature Villas?

The current guideline value of S & P Signature Villas is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 146% over this period.

What are the guideline values of other streets in Nedunkumdram?

Other streets in Nedunkumdram have varying guideline values, with rates ranging from Rs 1,210 to Rs 3,300 per sq.ft in 2024. The median value for the village is Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for properties in S & P Signature Villas?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for S & P Signature Villas?

The Tambaram Joint 1 Sub Registrar Office handles the registration for S & P Signature Villas, located at No.26, Mes Road, East Tambaram, Chennai-600059.