Guideline Value for SHRI SHESHADRI BRINDHAVANAM PHASE I

Shri Sheshadri Brindhavanam Phase I guideline value

The current guideline value of Shri Sheshadri Brindhavanam Phase I is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Vattampakkam village, under the Sunguvarchattram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Shri Sheshadri Brindhavanam Phase I has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 335 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision also maintains this figure, resulting in no overall change from 2012 to 2024.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only relevant revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft. The median value for these streets is Rs 250 per sq.ft, indicating that the guideline value for Shri Sheshadri Brindhavanam Phase I is above this median.

• Sri Avenue: Rs 448 per sq.ft (2024)
• Sri Devi Nagar: Rs 300 per sq.ft (2024)
• Sri KamatchiAmman Nagar: Rs 250 per sq.ft (2024)
• Sri Lakshmi Narayanan Nagar: Rs 500 per sq.ft (2024)
• Rose Nagar: Rs 250 per sq.ft (2024)
• Rocky Nagar: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Sheshadri Brindhavanam Phase I

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shri Sheshadri Brindhavanam Phase I?

The Shri Sheshadri Brindhavanam Phase I is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vattampakkam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Shri Sheshadri Brindhavanam Phase I?

The current guideline value of Shri Sheshadri Brindhavanam Phase I is Rs 500 per sq.ft, effective from 1 July 2024.

What were the changes in guideline value over the years?

The guideline value changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023 and remained the same in 2024. The overall change from 2012 to 2024 is 0%.

Which Sub Registrar Office covers this area?

The Sunguvarchattram Sub Registrar Office covers Shri Sheshadri Brindhavanam Phase I. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.

What is the land classification of Shri Sheshadri Brindhavanam Phase I?

The land classification of Shri Sheshadri Brindhavanam Phase I is Commercial Class I Type - II, which is relevant for determining the applicable guideline value and regulations.