Guideline Value for SERASA GREENS

Serasa Greens guideline value

The current guideline value of Serasa Greens, located in Illaloor village under the Thiruporur SRO, is Rs 1,396 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - II land classification.

How the guideline value of Serasa Greens has changed

Over the years, the guideline value of Serasa Greens has seen significant revisions. The earliest recorded figure is from 2017, which was Rs 850 per sq.ft. In 2023, this value increased to Rs 1,269 per sq.ft, marking a change of 49%. The latest revision in 2024 has further increased the guideline value to Rs 1,396 per sq.ft, reflecting a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Serasa Greens in the register. This means that the values from these years are not available for reference.

Guideline values in Illaloor

In Illaloor, there are 17 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,100 per sq.ft. The median value for these streets is Rs 1,150 per sq.ft, placing Serasa Greens above this median value.

• Saithra Avenue: Rs 739 per sq.ft (2024)
• Sri Jairam Nagar: Rs 550 per sq.ft (2024)
• Srikaram Seasons: Rs 1,150 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 660 per sq.ft (2024)
• Thangam Enclave Extn: Rs 739 per sq.ft (2024)
• Omr Golden City: Rs 1,150 per sq.ft (2024)

Stamp duty and registration fee for property in Serasa Greens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,396 per sq.ft, the total guideline value would be Rs 13,96,000. The stamp duty at 7% would amount to Rs 97,720, while the registration fee at 2% would be Rs 27,920. Together, the total cost for stamp duty and registration would be Rs 1,25,640. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Serasa Greens?

The Sub Registrar Office that covers Serasa Greens is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Illaloor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to calculate the associated costs accurately.

When a property is registered, the guideline value is used to assess the amount of stamp duty payable. This ensures that the transaction is recorded at a value that reflects the current market conditions as determined by the registration department.

Frequently asked questions

What is the current guideline value of Serasa Greens?

The current guideline value of Serasa Greens is Rs 1,396 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 850 per sq.ft in 2017 to Rs 1,396 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty and registration fees for a property in Serasa Greens?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,96,000. The stamp duty would be Rs 97,720 and the registration fee would be Rs 27,920, totaling Rs 1,25,640.

Which office handles registrations for Serasa Greens?

The Thiruporur Sub Registrar Office handles registrations for Serasa Greens, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for the value at which properties are registered, ensuring compliance with local regulations.