Guideline Value for S&P ELEGANCE

S&p Elegance guideline value

The current guideline value of S&p Elegance is Rs 205 per sq.ft, effective from 1 July 2024. This property is located in Vadakal_C village under the Sriperumpudur SRO, classified as Residential Class II Type - II.

How the guideline value of S&p Elegance has changed

The guideline value for S&p Elegance has remained constant at Rs 205 per sq.ft from the 2023 revision to the 2024 revision, reflecting no change (0%). The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2023 revision, the guideline value was Rs 205 per sq.ft, which was the same as in 2024. The absence of figures for previous revisions indicates that the guideline value for this street has not been updated in those years.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, placing S&p Elegance below this median.

• Sri Aurobindo Nagar Part - II: Rs 150 per sq.ft (2024)
• Sri Aurobindo Vasantham Nature City: Rs 200 per sq.ft (2024)
• Sri Baba Nagar Phase-IV: Rs 600 per sq.ft (2024)
• Sri Baba Nagar ph.III: Rs 550 per sq.ft (2024)
• Sivan Koil Street: Rs 300 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in S&p Elegance

For a 1,000 sq.ft plot at the current guideline value of Rs 205 per sq.ft, the total guideline value would be Rs 2,05,000. The stamp duty at 7% would amount to Rs 14,350, and the registration fee at 2% would be Rs 4,100, bringing the total to Rs 18,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S&p Elegance?

The S&p Elegance property falls under 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 Vadakal_C

The guideline value is a crucial factor during the registration of property transactions in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate transactions. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of S&p Elegance?

The current guideline value of S&p Elegance is Rs 205 per sq.ft, effective from 1 July 2024.

Have there been any changes to the guideline value recently?

Yes, the guideline value has remained unchanged at Rs 205 per sq.ft from the 2023 revision to the 2024 revision, indicating no percentage change.

What is the land classification of S&p Elegance?

S&p Elegance is classified as Residential Class II Type - II, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for S&p Elegance?

The Sub Registrar Office covering S&p Elegance is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vadakal_C?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is typically set at 7% of the guideline value, along with a registration fee of 2%.