Guideline Value for SERASA LAND MARK PHASE I''

Serasa Land Mark Phase I'' guideline value

The current guideline value of Serasa Land Mark Phase I'' is Rs 2,687 per sq.ft. This property is located in Asthinapuram village, under the Thiruporur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Serasa Land Mark Phase I'' has changed

The guideline value for Serasa Land Mark Phase I'' has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,687 per sq.ft, which is the same as the 2023 revision. Before that, in 2017, the guideline value was Rs 1,800 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register. Thus, the only revisions with recorded figures are from 2017, 2023, and 2024.

Guideline values in Asthinapuram

In Asthinapuram, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 3,300 per sq.ft, with a median value of Rs 1,614 per sq.ft. The guideline value for Serasa Land Mark Phase I'' is above this median.

• Serasa Land Mark Phase II: Rs 2,687 per sq.ft (2024)
• Sm Kbs Uptown: Rs 1,614 per sq.ft (2024)
• Rr Platinum City: Rs 1,200 per sq.ft (2024)
• R.M. Nagar Phase I: Rs 600 per sq.ft (2024)
• Sri Sks Sai Nagar: Rs 2,000 per sq.ft (2024)
• Srs Avenue: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Serasa Land Mark Phase I''

For a 1,000 sq.ft plot at the current guideline value of Rs 2,687 per sq.ft, the total guideline value would be Rs 26,87,000. The stamp duty at 7% would be Rs 1,88,090, and the registration fee at 2% would be Rs 53,740, making the total cost for these fees Rs 2,41,830. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Serasa Land Mark Phase I''?

The Serasa Land Mark Phase I'' property falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Asthinapuram. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Serasa Land Mark Phase I''?

The current guideline value of Serasa Land Mark Phase I'' is Rs 2,687 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,687 per sq.ft from 2023 to 2024, while it increased from Rs 1,800 per sq.ft in 2017 to Rs 2,687 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Asthinapuram?

Other streets in Asthinapuram under the Thiruporur SRO include Serasa Land Mark Phase II, Sm Kbs Uptown, Rr Platinum City, R.M. Nagar Phase I, Sri Sks Sai Nagar, and Srs Avenue, each with varying guideline values.

What fees are associated with buying property in Serasa Land Mark Phase I''?

When buying property in Serasa Land Mark Phase I'', buyers should expect to pay stamp duty at 7% of the guideline value and a registration fee at 2% of the guideline value.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Serasa Land Mark Phase I'' is the Thiruporur SRO, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.