Guideline Value for SERASA COMMERCIAL ZONE

Serasa Commercial Zone guideline value

The current guideline value of the Serasa Commercial Zone in Nelllikuppam village is Rs 1,500 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Mixed Type - I land.

How the guideline value of Serasa Commercial Zone has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Serasa Commercial Zone. The guideline value for the 2023 revision was Rs 1,500 per sq.ft, which remained unchanged in the 2024 revision, reflecting a 0% change.

The most recent revision in 2024 maintains the guideline value at Rs 1,500 per sq.ft, consistent with the previous year's figure. This stability indicates that the valuation for this street has not fluctuated over the last two years.

Guideline values in Nelllikuppam

In Nelllikuppam, there are 45 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value of Serasa Commercial Zone is above this median, reflecting its relative valuation within the village.

• Royal Enclave: Rs 1,250 per sq.ft (2024)
• Sri Mangalambigai Nagar: Rs 670 per sq.ft (2024)
• Ranga Thangaiyya Nagar Phase III: Rs 1,250 per sq.ft (2024)
• Ranga Thangaiyya Nagar Phase II: Rs 1,250 per sq.ft (2024)
• Ranga Thangaiyya Nagar Phase I: Rs 1,250 per sq.ft (2024)
• Sri Thirumalai Nagar: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Serasa Commercial Zone

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Serasa Commercial Zone?

The Serasa Commercial Zone is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the property registration process in Nelllikuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Serasa Commercial Zone?

The current guideline value of Serasa Commercial Zone is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024, reflecting no change.

What is the land classification of Serasa Commercial Zone?

Serasa Commercial Zone is classified as Mixed Type - I land, which indicates a blend of different land uses in the area.

What are the stamp duty and registration fees for properties in this zone?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. The duty is charged on the higher of the guideline value or the sale price.

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. This office handles the registration of properties in Serasa Commercial Zone.