Guideline Value

Corporate

Guideline Value for SERASA OPEL

₹2960/sq.ft.

The guideline value for Serasa Opel in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 2960 per sq.ft, effective 1 July 2024. It was Rs 2687 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2960 /sq.ft.
From 1-4-2023 ₹2687 /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]
Records for a plot on Serasa Opel

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Serasa Opel guideline value

The current guideline value of Serasa Opel, located in Varadarajapuram village under the Padappai SRO, is Rs 2,960 per sq.ft, effective from 1 July 2024. This property falls under the Commercial Class I Type - II land classification.

How the guideline value of Serasa Opel has changed

Over the years, the guideline value of Serasa Opel has undergone several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,687 per sq.ft. This increased to Rs 2,960 per sq.ft in the 2024 revision, marking a change of +10%.

This increase reflects the adjustments made in the guideline value register. The most recent revision in 2024 shows a significant rise compared to the previous year's figure, indicating a notable change in the valuation of this property.

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 of Serasa Opel is above this median, indicating its relative positioning within the local market.

Stamp duty and registration fee for property in Serasa Opel

For a 1,000 sq.ft plot at the current guideline value of Rs 2,960 per sq.ft, the total guideline value amounts to Rs 29,60,000. The stamp duty, charged at 7%, would be Rs 2,07,200, while the registration fee at 2% would be Rs 59,200. Therefore, the total cost for stamp duty and registration fees together would be Rs 2,66,400. Note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Serasa Opel?

The Sub Registrar Office that covers Serasa Opel is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property registration in Varadarajapuram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it directly impacts the overall costs involved in the registration process. Buyers and sellers should ensure they are informed about the latest figures to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Serasa Opel?

The current guideline value of Serasa Opel is Rs 2,960 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by +10%, from Rs 2,687 per sq.ft to Rs 2,960 per sq.ft.

What is the land classification for Serasa Opel?

Serasa Opel is classified under the Commercial Class I Type - II land classification.

Where can I find the registration office for Serasa Opel?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 2,960 per sq.ft would incur a total stamp duty and registration fee of Rs 2,66,400.