Guideline Value for SILVER FIELDS BY URBAN TREE

Silver Fields By Urban Tree guideline value

The current guideline value for Silver Fields By Urban Tree is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Cheranancheri village and falls under the Avadi SRO. The land classification for this area is Mixed Type - I.

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

According to the guideline value register, there have been no recorded figures for Silver Fields By Urban Tree in the revisions from 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 has set the guideline value at Rs 1,375 per sq.ft.

This marks the first recorded figure for this street, as previous revisions do not contain any figures for it. Therefore, the 2024 revision is the only guideline value available for this property.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that have a 2024 guideline value range from Rs 274 to Rs 3,000 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for Silver Fields By Urban Tree is below this median.

• Sri Ambal Vijayalakshmi Nagar Phase-I: Rs 330 per sq.ft (2024)
• Sri Mookambikai Nagar Apple City: Rs 1,760 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,320 per sq.ft (2024)
• Sri Srinivasa Garden: Rs 330 per sq.ft (2024)
• Sri Srinivasa Garden Extn Phase-II: Rs 440 per sq.ft (2024)
• Suriya Narayana Garden: Rs 1,760 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, while the registration fee at 2% would be Rs 27,500. Together, the total cost for stamp duty and registration fee would be Rs 1,23,750. It is important to note that the 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 Silver Fields By Urban Tree?

The Sub Registrar Office that covers Silver Fields By Urban Tree is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Cheranancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

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

The current guideline value for Silver Fields By Urban Tree is Rs 1,375 per sq.ft, effective from 1 July 2024.

What revisions have been made to the guideline value for this property?

There have been no recorded figures for Silver Fields By Urban Tree in the revisions from 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision.

How does the guideline value compare to other streets in Cheranancheri?

The guideline value for Silver Fields By Urban Tree is below the median value of Rs 1,540 per sq.ft for other streets in Cheranancheri. Other streets have values ranging from Rs 274 to Rs 3,000 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,75,000, the total stamp duty and registration fees would amount to Rs 1,23,750.

Which office handles property registrations for Silver Fields By Urban Tree?

The Avadi Sub Registrar Office handles property registrations for Silver Fields By Urban Tree. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.