Guideline Value for SMILEY HOMES

Smiley Homes guideline value

The current guideline value for Smiley Homes in Velichai village, under the Thiruporur SRO, is Rs 900 per sq.ft. The land classification for this area is Residential Special Type - I.

How the guideline value of Smiley Homes has changed

The guideline value for Smiley Homes has undergone several revisions over the years. In 2012, the guideline value was set at Rs 900 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 603 per sq.ft. The most recent revision in 2023 saw the guideline value increase to Rs 900 per sq.ft again.

From 2012 to 2017, there was a decrease of 33%, followed by an increase of 49% from 2017 to 2023. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 900 per sq.ft.

Guideline values in Velichai

Currently, there are no specific village figures available for Velichai. The guideline value for Smiley Homes stands at Rs 900 per sq.ft. There are no other streets in Velichai under the Thiruporur SRO listed.

Stamp duty and registration fee for property in Smiley Homes

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. 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 information.

Which Sub Registrar Office covers Smiley Homes?

The Sub Registrar Office that covers Smiley Homes is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Velichai. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall costs involved in property transactions.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties and fees. It is essential to check the latest guideline value to ensure accurate financial planning for any property transaction in the area.

Frequently asked questions

What is the current guideline value of Smiley Homes?

The current guideline value of Smiley Homes is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, and then back to Rs 900 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained the same.

What is the land classification for Smiley Homes?

The land classification for Smiley Homes is Residential Special Type - I.

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.

How is stamp duty calculated for properties in Smiley Homes?

Stamp duty for properties in Smiley Homes is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 81,000.