Guideline Value for TATA VALUE HOMES

Tata Value Homes guideline value

The current guideline value of Tata Value Homes in Kuthampakkam village is Rs 2,790 per sq.ft, effective from 1 July 2024. This property falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Tata Value Homes has changed

The guideline value for Tata Value Homes has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 2,790 per sq.ft.

As there are no figures available for the years mentioned, it is important to note that the 2024 revision is the only current figure for Tata Value Homes. There have been no changes between the revisions above.

Guideline values in Kuthampakkam

Kuthampakkam village has 19 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,564 per sq.ft, with a median value of Rs 1,642 per sq.ft. The guideline value for Tata Value Homes is above this median.

• Swarnalayam Phase-2: Rs 990 per sq.ft (2024)
• Swarnalayam: Rs 550 per sq.ft (2024)
• Ms Residency Extension: Rs 990 per sq.ft (2024)
• Ms Residency: Rs 770 per sq.ft (2024)
• Ms Fortune City: Rs 880 per sq.ft (2024)
• Ms Dream Town Thiru Jayanthinadhar Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Tata Value Homes

For a 1,000 sq.ft plot at the current rate of Rs 2,790 per sq.ft, the guideline value amounts to Rs 27,90,000. The stamp duty at 7% would be Rs 1,95,300, and the registration fee at 2% would be Rs 55,800, bringing the total to Rs 2,51,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Tata Value Homes?

The Tata Value Homes are covered by the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kuthampakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tata Value Homes?

The current guideline value of Tata Value Homes is Rs 2,790 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The register has no figure for Tata Value Homes in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,790 per sq.ft.

What are the guideline values of other streets in Kuthampakkam?

Other streets in Kuthampakkam have varying guideline values. For instance, Swarnalayam Phase-2 is valued at Rs 990 per sq.ft, while Swarnalayam is at Rs 550 per sq.ft.

What fees are associated with buying property in Tata Value Homes?

The fees include stamp duty, which is 7% of the guideline value, and a registration fee of 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 2,51,100.

Where can I find the Sub Registrar Office for Tata Value Homes?

The Avadi Sub Registrar Office covers Tata Value Homes, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.