Guideline Value for Sarava Form House

Sarava Form House guideline value

The current guideline value of Sarava Form House in Kottaiyoor village is Rs 150 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Sarava Form House has changed

The guideline value for Sarava Form House has experienced several revisions over the years. In 2012, the value was set at Rs 175 per sq.ft, which then decreased to Rs 117 per sq.ft in 2017. The most recent revision in 2023 maintained the value at Rs 150 per sq.ft, and this value remains unchanged in the 2024 revision, resulting in a 0% change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 28%, but overall, from 2012 to 2024, there has been a decline of 14%. This indicates fluctuating values in the past decade, with significant changes occurring between the different revisions.

Guideline values in Kottaiyoor

Kottaiyoor village has 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 900 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Sarava Form House's 2024 value below this median.

• Spectrum Enclaive: Rs 300 per sq.ft (2024)
• Ponniamman Kullakarai Street: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Sunguvarchattram to Thiruvallur Road: Rs 300 per sq.ft (2024)
• Padasalai Street: Rs 250 per sq.ft (2024)
• Mariamman Kovil street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sarava Form House

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, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sarava Form House?

The Sarava Form House falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottaiyoor. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sarava Form House?

The current guideline value of Sarava Form House is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 117 per sq.ft in 2017, then remained at Rs 150 per sq.ft in both 2023 and 2024.

What is the classification of the land for Sarava Form House?

Sarava Form House is classified as Residential Class III Type - I under the current guidelines.

Where is the Sub Registrar Office for Sarava Form House located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kottaiyoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 150 per sq.ft, the stamp duty would be Rs 10,500.