Guideline Value for SARAS VILLAS

Saras Villas guideline value

The current guideline value of Saras Villas is Rs 2,500 per sq.ft. This property is located in Padur village under the Thiruporur SRO, classified as Commercial Class I Type - II.

How the guideline value of Saras Villas has changed

The guideline value for Saras Villas has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. However, in the 2017 revision, it decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 2,500 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2012 to the 2023 revision, the guideline value has remained the same at Rs 2,500 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Padur

Currently, there are no specific village figures available for Padur. Saras Villas is one of the properties under the jurisdiction of the Thiruporur SRO.

Stamp duty and registration fee for property in Saras Villas

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saras Villas?

The Saras Villas property is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, 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 Padur

The guideline value is a crucial factor during the registration of property transactions in Padur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Saras Villas?

The current guideline value of Saras Villas is Rs 2,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, it increased by 49% from the 2017 revision to the 2023 revision, resulting in no overall change from 2012 to 2023.

What is the land classification of Saras Villas?

Saras Villas is classified as Commercial Class I Type - II, which indicates its zoning for commercial use.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Saras Villas?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000, leading to a stamp duty of Rs 1,75,000.