Guideline Value for SERASA LAND MARK PHASE II

Serasa Land Mark Phase II guideline value

The current guideline value of Serasa Land Mark Phase II 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 II has changed

In the 2017 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a value of Rs 2,687 per sq.ft. The most recent 2024 revision also maintains this value at Rs 2,687 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

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. The median guideline value for these streets is Rs 1,614 per sq.ft, placing Serasa Land Mark Phase II above this median.

• Serasa Land Mark Phase I: 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 II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,687 per sq.ft, the total guideline value amounts to 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 stamp 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 further calculations.

Which Sub Registrar Office covers Serasa Land Mark Phase II?

The Serasa Land Mark Phase II 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 Asthinapuram

The guideline value is a crucial factor in the registration process when buying or selling property in Asthinapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction reflects the official value of the property. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Serasa Land Mark Phase II 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, with a 49% increase from Rs 1,800 per sq.ft in 2017 to 2023 and the same percentage increase from 2017 to 2024.

What are the other streets in Asthinapuram with their guideline values?

Other streets in Asthinapuram include Serasa Land Mark Phase I at Rs 2,687 per sq.ft, Sm Kbs Uptown at Rs 1,614 per sq.ft, Rr Platinum City at Rs 1,200 per sq.ft, R.M. Nagar Phase I at Rs 600 per sq.ft, Sri Sks Sai Nagar at Rs 2,000 per sq.ft, and Srs Avenue at Rs 1,300 per sq.ft.

What is the stamp duty rate for properties in Serasa Land Mark Phase II?

The stamp duty rate for properties in Serasa Land Mark Phase II is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Serasa Land Mark Phase II located?

The Sub Registrar Office for Serasa Land Mark Phase II is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.