Guideline Value for Sis Cape town Phase-III

Sis Cape town Phase-III guideline value

The current guideline value for Sis Cape town Phase-III is Rs 4,478 per sq.ft. This property is located in Soorapattu village under the Ambattur SRO, classified as Residential Special Type - IV.

How the guideline value of Sis Cape town Phase-III has changed

According to the guideline value register, there are no figures available for Sis Cape town Phase-III for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 4,478 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 4,478 per sq.ft, indicating a change of +0% from the previous year.

This consistency in the guideline value suggests stability in the pricing for Sis Cape town Phase-III, as it has not experienced any fluctuations in the last two revisions.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Sis Cape town Phase-III is above this median, reflecting its premium classification.

• S I S Capetown Phase-II: Rs 3,400 per sq.ft (2024)
• Sis Cape town Phase-IV: Rs 4,478 per sq.ft (2024)
• S I S Capetown: Rs 3,400 per sq.ft (2024)
• Sivaprakasam Nagar: Rs 1,900 per sq.ft (2024)
• Somci Boy Nagar: Rs 1,300 per sq.ft (2024)
• Soorapattu Main Road: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sis Cape town Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 4,478 per sq.ft, the total guideline value amounts to Rs 44,78,000. The stamp duty at 7% would be Rs 3,13,460, and the registration fee at 2% would be Rs 89,560, bringing the total charges to Rs 4,03,020. 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 Sis Cape town Phase-III?

The Sub Registrar Office that covers Sis Cape town Phase-III is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value for Sis Cape town Phase-III?

The current guideline value for Sis Cape town Phase-III is Rs 4,478 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sis Cape town Phase-III has remained at Rs 4,478 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sis Cape town Phase-III?

Sis Cape town Phase-III is classified as Residential Special Type - IV, indicating its specific zoning and usage regulations.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 44,78,000, the stamp duty at 7% would be Rs 3,13,460, and the registration fee at 2% would be Rs 89,560, totaling Rs 4,03,020. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Sis Cape town Phase-III?

The Sub Registrar Office for Sis Cape town Phase-III is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.