Guideline Value for SUMMER WINDS LAYOUT

Summer Winds Layout guideline value

The current guideline value of Summer Winds Layout is Rs 3,900 per sq.ft, effective from 1 July 2024. This layout is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Summer Winds Layout has changed

In the 2017 revision, the guideline value was Rs 2,345 per sq.ft. This figure increased to Rs 3,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 66%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Summer Winds Layout, at Rs 3,900 per sq.ft, is above this median.

• Sunitha Desai Road: Rs 3,900 per sq.ft (2024)
• Suthananda Salai: Rs 3,300 per sq.ft (2024)
• S.V.S.River View Residency: Rs 2,200 per sq.ft (2024)
• Thandu Mariamman Koil Street: Rs 1,700 per sq.ft (2024)
• THANTHONI AMMAN KOIL 1st STREET: Rs 1,700 per sq.ft (2024)
• THANTHONI AMMAN KOIL 2nd STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Summer Winds Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Summer Winds Layout?

The Summer Winds Layout falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It determines the stamp duty and registration fees applicable to the transaction, ensuring that both the buyer and seller are aware of the financial obligations involved.

When a property is sold, the guideline value acts as a benchmark for the transaction. The registration office uses this value to calculate the necessary fees, which must be paid to complete the registration process legally.

Frequently asked questions

What is the current guideline value of Summer Winds Layout?

The current guideline value of Summer Winds Layout is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has seen significant increases, rising from Rs 2,345 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2024, which is an overall increase of 66%.

What are the stamp duty and registration fees for buying property in Summer Winds Layout?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000. This results in a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Summer Winds Layout?

The Neelankarai Sub Registrar Office handles the registration for Summer Winds Layout, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the median guideline value in Uthandi?

The median guideline value in Uthandi is Rs 1,700 per sq.ft, with Summer Winds Layout's current value of Rs 3,900 per sq.ft being above this median.