Guideline Value for Sravana Farm House

Sravana Farm House guideline value

The current guideline value of Sravana Farm House is Rs 150 per sq.ft, effective from 1 July 2024. It is located in MummoodiKuppam village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sravana Farm House has changed

The guideline value for Sravana Farm House has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 100 per sq.ft. Following that, the value increased by 50% to Rs 150 per sq.ft in 2023. The current revision in 2024 has maintained this value at Rs 150 per sq.ft, reflecting a 0% change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and the current 2024 figures.

Guideline values in MummoodiKuppam

In MummoodiKuppam, there are 9 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 350 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the guideline value of Sravana Farm House.

• School Street: Rs 175 per sq.ft (2024)
• Perumal Kovil Street: Rs 175 per sq.ft (2024)
• Pallaikara Street: Rs 175 per sq.ft (2024)
• Mummoodikuppam Colony: Rs 126 per sq.ft (2024)
• Kizhandai Third Street: Rs 150 per sq.ft (2024)
• Kizhandai Second Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sravana Farm House

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty would be 7% of this value, which is Rs 10,500, while the registration fee at 2% would be Rs 3,000. Thus, the total cost for stamp duty and registration would be Rs 13,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sravana Farm House?

The Sravana Farm House falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific Sub Registrar Office, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in MummoodiKuppam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, helping to maintain transparency in property dealings. Buyers and sellers must be aware of the guideline value to accurately assess their costs during the registration process.

Frequently asked questions

What is the current guideline value of Sravana Farm House?

The current guideline value of Sravana Farm 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 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023, and remains at Rs 150 per sq.ft in 2024.

What are the stamp duty and registration fees for Sravana Farm House?

For a 1,000 sq.ft plot, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500 based on the guideline value of Rs 1,50,000.

Which Sub Registrar Office covers MummoodiKuppam?

The Sunguvarchattram Sub Registrar Office covers MummoodiKuppam, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification of Sravana Farm House?

Sravana Farm House is classified as Residential Class II Type - I, which is important for understanding its usage and potential development.