Guideline Value for SIS QUEARS TOWN

Sis Quears Town guideline value

The current guideline value of Sis Quears Town, located in Kayirambedu village, is Rs 1,001 per sq.ft, effective from the 2024 revision. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Sis Quears Town has changed

Over the years, the guideline value of Sis Quears Town has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft. This was followed by a decrease in 2017, where the value dropped to Rs 670 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 maintained the value at Rs 1,001 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. In summary, the overall change from 2012 to 2024 shows no increase, as the value has effectively reverted to the 2012 figure.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for this area is Rs 700 per sq.ft, placing Sis Quears Town's 2024 figure above this median.

• Silamboli Nagar: Rs 700 per sq.ft (2024)
• Siva Venkatapuram: Rs 700 per sq.ft (2024)
• Sks Ganesa Garden: Rs 2,986 per sq.ft (2024)
• Sks Kathirvelan Garden: Rs 2,389 per sq.ft (2024)
• S.K.S. Star Light Avenue: Rs 1,045 per sq.ft (2024)
• S Na Garden: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Sis Quears Town

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sis Quears Town?

The Sub Registrar Office that covers Sis Quears Town is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Kayirambedu, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is a basis for calculating these charges, ensuring that they reflect the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. The guideline value helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sis Quears Town?

The current guideline value of Sis Quears Town is Rs 1,001 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with the most notable changes being a drop to Rs 670 per sq.ft in 2017 and a return to Rs 1,001 per sq.ft in 2024.

What is the land classification for Sis Quears Town?

Sis Quears Town is classified as Residential Special Type - I, which influences its guideline value and potential uses.

What are the stamp duty rates for property in Sis Quears Town?

The stamp duty for property transactions in Sis Quears Town is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.