Guideline Value for SQUARE DECK LAYOUT

Square Deck Layout guideline value

The current guideline value for Square Deck Layout in Nedunkumdram village is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Mixed Type - II land.

How the guideline value of Square Deck Layout has changed

The guideline value for Square Deck Layout has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the 2023 figure of Rs 2,000 per sq.ft. The 2023 figure remained unchanged from the 2017 revision, which also recorded Rs 2,000 per sq.ft. Notably, there are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

Overall, from 2017 to 2024, the guideline value increased by 10%. This consistent value in 2017 and 2023 indicates stability in the guideline value during that period, with the most significant change occurring in the latest revision.

Guideline values in Nedunkumdram

Nedunkumdram village has 75 streets under the Tambaram Joint 1 SRO, with a 2024 guideline value range from Rs 330 to Rs 5,300 per sq.ft. The median value is Rs 2,200 per sq.ft, which matches the current guideline value for Square Deck Layout.

• S & P Signature Villas: Rs 1,650 per sq.ft (2024)
• Sbjh Garden: Rs 1,980 per sq.ft (2024)
• Sri Sai Avenue: Rs 3,300 per sq.ft (2024)
• Saraswathi Nagar Extension: Rs 1,430 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,430 per sq.ft (2024)
• Ssm Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Square Deck Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Square Deck Layout?

The Square Deck Layout is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Nedunkumdram

The guideline value plays a crucial role in property transactions in Nedunkumdram. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. The guideline value is essential for ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value is used to assess the amount of tax owed to the government. This value is critical for both parties to understand, as it affects the overall cost of the transaction and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Square Deck Layout?

The current guideline value for Square Deck Layout in Nedunkumdram is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 10% increase from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. There was no change from 2017 to 2023, with the value remaining at Rs 2,000 per sq.ft during that period.

What is the land classification for Square Deck Layout?

Square Deck Layout is classified as Mixed Type - II land. This classification indicates the type of development and usage permitted in the area.

Where can I find the registration office for Square Deck Layout?

The registration office for Square Deck Layout is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.