Guideline Value for SEA CHIMES

Sea Chimes guideline value

The current guideline value of Sea Chimes is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Panaiyur village under the Cheyyur SRO, classified as Residential Special Type - I.

How the guideline value of Sea Chimes has changed

The guideline value for Sea Chimes has remained consistent at Rs 400 per sq.ft in both the 2023 and 2024 revisions. Prior to these revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

As there has been no change in the guideline value from 2023 to 2024, the percentage change is +0%. This stability indicates that the guideline value has not fluctuated in recent years.

Guideline values in Panaiyur

In Panaiyur, three streets under the Cheyyur SRO have a 2024 guideline value ranging from Rs 350 to Rs 400 per sq.ft, with the median being Rs 400 per sq.ft. Sea Chimes aligns with this median at Rs 400 per sq.ft.

• Le Reve: Rs 350 per sq.ft (2024)
• Akbar Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sea Chimes

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sea Chimes?

The Sub Registrar Office that covers Sea Chimes is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Panaiyur, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value of Sea Chimes?

The current guideline value of Sea Chimes is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sea Chimes has remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for a property in Sea Chimes?

For a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. Stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Sea Chimes?

The Cheyyur Sub Registrar Office handles property registrations for Sea Chimes. It is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees payable during registration. It is essential for buyers and sellers to consider this value to ensure compliance with local regulations.