Guideline Value for SILVER FIELDS BY URBAN TREE PHASE II

Silver Fields By Urban Tree Phase II guideline value

The current guideline value for Silver Fields By Urban Tree Phase II is Rs 1,760 per sq.ft, effective from 1 July 2024. This property is located in Vayallanallur village, under the Poonamallee SRO, and is classified as Residential Special Type - V.

How the guideline value of Silver Fields By Urban Tree Phase II has changed

In the 2017 revision, the guideline value was Rs 1,600 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,600 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vayallanallur

In Vayallanallur, there are 17 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 439 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,760 per sq.ft, which is equal to the guideline value of Silver Fields By Urban Tree Phase II.

• Sri Ambal Dhanalakshmi Nagar: Rs 1,099 per sq.ft (2024)
• Supradeepam: Rs 550 per sq.ft (2024)
• Supradeepam Phase III: Rs 439 per sq.ft (2024)
• Orr: Rs 1,650 per sq.ft (2024)
• Kamachi Nagar: Rs 660 per sq.ft (2024)
• Ashok Nandavanam Phase - II: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Silver Fields By Urban Tree Phase II

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Silver Fields By Urban Tree Phase II?

The Sub Registrar Office that covers Silver Fields By Urban Tree Phase II is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Vayallanallur. It serves as the basis for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the official valuation of the property.

When purchasing or selling a property, the guideline value helps determine the financial obligations related to the transaction. It is essential to consider this value, as it can impact the overall costs involved in the property transfer process.

Frequently asked questions

What is the current guideline value for Silver Fields By Urban Tree Phase II?

The current guideline value for Silver Fields By Urban Tree Phase II is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, reflecting a 10% increase. The value remained the same from 2017 to 2023.

What is the land classification for Silver Fields By Urban Tree Phase II?

Silver Fields By Urban Tree Phase II is classified as Residential Special Type - V, indicating its designation for residential development.

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

The Sub Registrar Office for Silver Fields By Urban Tree Phase II is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Vayallanallur?

Stamp duty for properties in Vayallanallur is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected during the registration process.