Guideline Value for SRI GOLD TOWNSHIP PHASE-III

Sri Gold Township Phase-III guideline value

The current guideline value of Sri Gold Township Phase-III is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Chinnivakkam village, under the Walajabad SRO, and is classified as Residential Special Type - III.

How the guideline value of Sri Gold Township Phase-III has changed

The guideline value for Sri Gold Township Phase-III has seen several revisions over the years. In 2012, the guideline value was Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 100 per sq.ft. However, the subsequent revisions in 2023 brought the value back to Rs 150 per sq.ft, which was maintained in the 2024 revision, resulting in a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has remained the same.

In summary, the revisions show the following changes: from 2012 to 2017, there was a decrease of 33%, followed by an increase of 50% from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chinnivakkam

In Chinnivakkam, three streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft, with the median being Rs 150 per sq.ft. The guideline value for Sri Gold Township Phase-III aligns with this median.

• Thangam Nagar: Rs 100 per sq.ft (2024)
• Green Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gold Township Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, leading to a total of Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Gold Township Phase-III?

The Sub Registrar Office that covers Sri Gold Township Phase-III is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Chinnivakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value is a reference point for the transaction and is essential for calculating the associated costs.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Gold Township Phase-III?

The current guideline value of Sri Gold Township Phase-III is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 150 per sq.ft in 2023 and 2024, after a decrease to Rs 100 per sq.ft in 2017. The value in 2012 was also Rs 150 per sq.ft.

What are the other streets in Chinnivakkam and their guideline values?

Other streets in Chinnivakkam include Thangam Nagar with a guideline value of Rs 100 per sq.ft and Green Garden with a guideline value of Rs 250 per sq.ft, both effective in 2024.

What are the stamp duty and registration fees for properties in Sri Gold Township Phase-III?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 150 per sq.ft, the total fees would amount to Rs 13,500.

Which office handles property registrations for Sri Gold Township Phase-III?

The Walajabad Sub Registrar Office handles property registrations for Sri Gold Township Phase-III, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.