Guideline Value for SYMPHONY PHASE -II

Symphony Phase -II guideline value

The current guideline value of Symphony Phase -II in Vellanthangal village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Special Type - IV.

How the guideline value of Symphony Phase -II has changed

Since the 2017 revision, the guideline value for Symphony Phase -II has remained consistent at Rs 3,300 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous revision in 2023, which also recorded the same value. Additionally, the 2017 revision also had the same guideline value, indicating stability in the pricing over these years.

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 has seen a change of +0%.

Guideline values in Vellanthangal

In Vellanthangal, there are 9 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 3,300 per sq.ft. The median value for these streets is Rs 650 per sq.ft, placing Symphony Phase -II's 2024 figure above this median.

• Symphony Phase -I: Rs 3,300 per sq.ft (2024)
• Sri Dhanalaxmi Nagar: Rs 650 per sq.ft (2024)
• Vgn Brixton: Rs 800 per sq.ft (2024)
• Rajeswari Nagar: Rs 400 per sq.ft (2024)
• Rajalakshmi Nagar Part III: Rs 400 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Symphony Phase -II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Symphony Phase -II?

The Symphony Phase -II property falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Vellanthangal. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is typically used as a benchmark for calculating the applicable taxes. It is essential for buyers to understand that the guideline value may differ from the sale price, and the higher of the two will be used for duty calculations.

Frequently asked questions

What is the current guideline value of Symphony Phase -II?

The current guideline value of Symphony Phase -II is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 3,300 per sq.ft from 2017 to 2024, with no figures available for the revisions in 2012, 2007, 2003, and 2002.

What is the land classification of Symphony Phase -II?

Symphony Phase -II is classified as Residential Special Type - IV under the current land classification.

How is the stamp duty calculated for properties in Symphony Phase -II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,31,000 at the current guideline value.

Where can I find the Sub Registrar Office for Symphony Phase -II?

The Sub Registrar Office covering Symphony Phase -II is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.