Guideline Value for SKANDAA ENCLAVE

Skandaa Enclave guideline value

The current guideline value of Skandaa Enclave, located in Kadampur village, is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Skandaa Enclave has changed

The guideline value for Skandaa Enclave has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting an increase from the 2023 revision, which was Rs 1,000 per sq.ft. The change from 2023 to 2024 represents a 10% increase.

Prior to the 2023 revision, there are no figures available for this street in the register for the years 2017, 2012, 2007, 2003, and 2002. Therefore, the 2023 and 2024 revisions are the only ones that provide a guideline value for Skandaa Enclave.

Guideline values in Kadampur

Kadampur village has a total of 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 551 per sq.ft, placing Skandaa Enclave's 2024 figure above this median.

• Shree Nagar Extn (Ward -9): Rs 551 per sq.ft (2024)
• Sri Aathilakshmi Nagar (Ward -9): Rs 551 per sq.ft (2024)
• Sri Ayya Nagar (Kod): Rs 551 per sq.ft (2024)
• Shanthi Nagar (Kod): Rs 551 per sq.ft (2024)
• Sundarapuram Kalivanthapattu (Ward -9): Rs 551 per sq.ft (2024)
• Tank Street (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Skandaa Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Skandaa Enclave?

The Sub Registrar Office covering Skandaa Enclave 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Kadampur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Skandaa Enclave?

The current guideline value of Skandaa Enclave is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% rise.

What is the land classification for Skandaa Enclave?

Skandaa Enclave is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for Skandaa Enclave?

The Sub Registrar Office for Skandaa Enclave is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Skandaa Enclave?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.