Guideline Value for S I S CAPETOWN

S I S Capetown guideline value

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

How the guideline value of S I S Capetown has changed

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

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. 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 Soorapattu

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

• S I S Capetown Phase-II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total fees to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers S I S Capetown?

The Sub Registrar Office that covers S I S Capetown is the Ambattur Sub Registrar Office, located at 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 critical factor in property transactions in Soorapattu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value for calculating stamp duty and registration fees during the sale process.

When registering a property, the guideline value or the sale price, whichever is higher, is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of S I S Capetown?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,100 per sq.ft in 2017 to Rs 3,400 per sq.ft in 2024, marking an overall increase of 62%.

What is the land classification for S I S Capetown?

S I S Capetown is classified as Mixed Special Type - II, which affects its guideline value and usage regulations.

What are the stamp duty and registration fees for S I S Capetown?

The stamp duty is calculated at 7%, and the registration fee is at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,06,000.

Where can I find the Sub Registrar Office for S I S Capetown?

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