Guideline Value

Corporate

Guideline Value for SERASA FURTUNE PHASE-II

₹2860/sq.ft.

The guideline value for Serasa Furtune 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 Furtune Phase-II guideline value

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

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

The guideline value for Serasa Furtune Phase-II has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,860 per sq.ft, an increase from Rs 2,600 per sq.ft in 2023, marking a change of +10%. Prior to 2023, the register has no figure for this street from the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has increased from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024. The previous revisions do not provide any figures for this street, indicating that the current value reflects significant changes in the area.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry 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 for Serasa Furtune Phase-II is above this median.

Stamp duty and registration fee for property in Serasa Furtune 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 would be 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, bringing the total to Rs 2,57,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Serasa Furtune Phase-II?

The Sub Registrar Office that covers Serasa Furtune 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 more details.

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

The guideline value is a crucial factor during the registration of property transactions in Varadarajapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as all parties are aware of the official valuation set by the government.

Frequently asked questions

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

The current guideline value of Serasa Furtune 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 has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024, which is a +10% increase. The register has no figure for this street from the years 2017, 2012, 2007, 2003, and 2002.

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

The land classification for Serasa Furtune Phase-II is Residential Class III Type - V, indicating its designated use for residential purposes.

Where can I find the registration office for Serasa Furtune Phase-II?

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

How is the stamp duty calculated for properties in Serasa Furtune Phase-II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,860 per sq.ft, the stamp duty would be Rs 2,00,200.