Guideline Value for SYMPHONY PHASE -I

Symphony Phase -I guideline value

The current guideline value of Symphony Phase -I is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Vellanthangal village under the Sriperumpudur SRO, classified as Residential Special Type - IV.

How the guideline value of Symphony Phase -I has changed

The guideline value for Symphony Phase -I has remained consistent over the years. The register shows that from the 2017 revision to the 2024 revision, the value has been Rs 3,300 per sq.ft. Similarly, the 2023 revision also recorded the same figure of Rs 3,300 per sq.ft. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, there has been no change in the guideline value from 2017 to 2024, with a consistent rate of Rs 3,300 per sq.ft across the revisions. The lack of change from 2023 to 2024 indicates stability in the guideline value for this property.

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 -I above this median value.

• Symphony Phase -II: 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 -I

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Symphony Phase -I?

The Sub Registrar Office that covers Symphony Phase -I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vellanthangal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When a property is registered, the guideline value helps to ensure transparency and fairness in the transaction, as it reflects the official valuation set by the Registration Department. This value is used to calculate the necessary fees, which are essential for completing the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Symphony Phase -I has remained unchanged at Rs 3,300 per sq.ft from the 2017 revision through to the 2024 revision. There are also no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the median guideline value in Vellanthangal?

The median guideline value in Vellanthangal is Rs 650 per sq.ft. Symphony Phase -I's guideline value is above this median, reflecting its positioning among other streets in the village.

What are the stamp duty rates for properties in Symphony Phase -I?

The stamp duty for properties in Symphony Phase -I is charged at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, this would amount to Rs 2,31,000 based on the current guideline value.

Which office handles the registration of properties in Symphony Phase -I?

The registration of properties in Symphony Phase -I is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.