Guideline Value

Corporate

Guideline Value for SERASA DESTINY PHASE-II

₹2860/sq.ft.

The guideline value for Serasa Destiny Phase-ii in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 2860 per sq.ft, effective 1 July 2024. It was Rs 2600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Class III Type - V
History
Period Guideline Value
From 1-7-2024 ₹2860 /sq.ft.
From 1-4-2023 ₹2600 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Serasa Destiny Phase-II guideline value

The current guideline value of Serasa Destiny Phase-II is Rs 2,860 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village, under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - V.

How the guideline value of Serasa Destiny Phase-II has changed

In the 2023 revision, the guideline value was Rs 2,600 per sq.ft. The latest 2024 revision has increased this value to Rs 2,860 per sq.ft, marking a change of +10%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the revisions, the guideline value increased from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024. The previous revisions do not have figures recorded for this street, indicating that the value has been established only in the recent years.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Serasa Destiny Phase-II is above this median.

Stamp duty and registration fee for property in Serasa Destiny Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, resulting in a total of Rs 2,57,400. 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 Serasa Destiny Phase-II?

The Sub Registrar Office that covers Serasa Destiny Phase-II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Varadarajapuram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Serasa Destiny Phase-II?

The current guideline value of Serasa Destiny Phase-II is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024, which is a change of +10%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Serasa Destiny Phase-II?

Serasa Destiny Phase-II is classified as Residential Class III Type - V, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total costs can amount to Rs 2,57,400.

Where can I find the Sub Registrar Office for Serasa Destiny Phase-II?

The Sub Registrar Office for Serasa Destiny Phase-II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.