Guideline Value for S I S CAPETOWN PHASE-II

S I S Capetown Phase-II guideline value

The current guideline value of S I S Capetown Phase-II is Rs 3,400 per sq.ft, effective from 1 July 2024. This property is located in Soorapattu village under the Ambattur Sub Registrar Office (SRO), classified as Mixed Special Type - II.

How the guideline value of S I S Capetown Phase-II has changed

The guideline value for S I S Capetown Phase-II has seen significant changes over the years. In the 2017 revision, the value was Rs 2,100 per sq.ft. It increased to Rs 3,135 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 3,400 per sq.ft, which is an 8% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing S I S Capetown Phase-II above this median.

• S I S Capetown: Rs 3,400 per sq.ft (2024)
• Sis Cape town Phase-III: Rs 4,478 per sq.ft (2024)
• Sis Cape town Phase-IV: Rs 4,478 per sq.ft (2024)
• Sivaprakasam Nagar: Rs 1,900 per sq.ft (2024)
• Somci Boy Nagar: Rs 1,300 per sq.ft (2024)
• Soorapattu Main Road: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in S I S Capetown Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total cost to Rs 3,06,000. It is important to note that 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 S I S Capetown Phase-II?

S I S Capetown Phase-II falls under the jurisdiction of the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When a property is sold, the registration office uses the guideline value to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions, reflecting the established value of the property.

Frequently asked questions

What is the current guideline value for S I S Capetown Phase-II?

The current guideline value for S I S Capetown Phase-II is Rs 3,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased significantly. It was Rs 2,100 per sq.ft in 2017, rising to Rs 3,135 per sq.ft in 2023, and then to Rs 3,400 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in S I S Capetown Phase-II?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Which Sub Registrar Office covers the S I S Capetown Phase-II?

The Ambattur Sub Registrar Office covers S I S Capetown Phase-II, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It acts as a benchmark to ensure that the correct revenue is collected by the government based on the established value of the property.