Guideline Value for Spectrum Enclaive

Spectrum Enclaive guideline value

The current guideline value of Spectrum Enclaive in Kottaiyoor village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class I Type - IV.

How the guideline value of Spectrum Enclaive has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. It then decreased to Rs 201 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 300 per sq.ft in the 2023 revision, representing a 49% increase from 2017. The current 2024 revision has maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Kottaiyoor

Kottaiyoor village has 18 streets under the Sunguvarchattram SRO with 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, making the guideline value of Spectrum Enclaive above this median.

• Sarava Form House: Rs 150 per sq.ft (2024)
• Sunguvarchattram to Thiruvallur Road: Rs 300 per sq.ft (2024)
• Ponniamman Kullakarai Street: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 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 Spectrum Enclaive

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Spectrum Enclaive?

The Sub Registrar Office that covers Spectrum Enclaive is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, 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 during property registration in Kottaiyoor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall transaction cost.

Frequently asked questions

What is the current guideline value for Spectrum Enclaive?

The current guideline value for Spectrum Enclaive is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and remains at Rs 300 per sq.ft in 2024.

What is the land classification of Spectrum Enclaive?

Spectrum Enclaive is classified as Residential Class I Type - IV, which indicates its suitability for residential development.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price of the property.

Which office handles property registration for Spectrum Enclaive?

The Sunguvarchattram Sub Registrar Office handles property registration for Spectrum Enclaive, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.