Guideline Value for SILICON VALLEY

Silicon Valley guideline value

The current guideline value of Silicon Valley in Padur village, under the Thiruporur SRO, is Rs 4,000 per sq.ft as per the 2023 revision. The land classification for this area is Mixed Type - II.

How the guideline value of Silicon Valley has changed

The guideline value for Silicon Valley has seen significant changes over the years. In the 2017 revision, the guideline value was set at Rs 2,680 per sq.ft. This figure was revised to Rs 4,000 per sq.ft in 2023, marking an increase of 49% from the previous revision.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Thus, only the 2017 and 2023 figures are relevant for understanding the changes in guideline value.

Guideline values in Padur

Currently, there are no specific village figures available for Padur. Silicon Valley is one of the streets in Padur under the Thiruporur SRO.

Stamp duty and registration fee for property in Silicon Valley

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total costs together to Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Silicon Valley?

The Sub Registrar Office that covers Silicon Valley is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when buying or selling property in Padur, as it determines the amount of stamp duty and registration fees applicable during the transaction. Buyers must consider the guideline value when negotiating the sale price, as duties are charged on the higher of the guideline value or the sale price.

When registering a property, it is essential to provide accurate details to ensure that the correct guideline value is applied. This ensures compliance with local regulations and helps in the smooth processing of the registration.

Frequently asked questions

What is the current guideline value of Silicon Valley?

The current guideline value of Silicon Valley is Rs 4,000 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,000 per sq.ft, which is a change of 49%.

Are there any guideline values available for the years 2002 to 2012?

No, the guideline value register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Silicon Valley.

What is the stamp duty for a property in Silicon Valley?

The stamp duty for a property in Silicon Valley is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.