Guideline Value for TIERRA

Tierra guideline value

The current guideline value of Tierra, located in Patharvaadi village under the Walajabad SRO, is Rs 2,090 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Tierra has changed

The guideline value for Tierra has remained consistent in recent years. The 2023 revision also recorded the guideline value at Rs 2,090 per sq.ft, indicating no change from the previous year. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

With the 2024 revision, the guideline value remains unchanged at Rs 2,090 per sq.ft compared to the 2023 figure, reflecting a 0% change between these two revisions.

Guideline values in Patharvaadi

In Patharvaadi village, there are five streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 1,250 to Rs 2,850 per sq.ft. The median guideline value for these streets is Rs 1,250 per sq.ft, placing Tierra's guideline value above this median.

• Tierra-3: Rs 2,850 per sq.ft (2024)
• Hiranandani Parks: Rs 1,250 per sq.ft (2024)
• Harshadha Homes: Rs 1,250 per sq.ft (2024)
• Divyadhara Homes: Rs 1,250 per sq.ft (2024)

Stamp duty and registration fee for property in Tierra

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, while the registration fee at 2% would be Rs 41,800, leading to a total of Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Tierra?

The Sub Registrar Office that covers Tierra is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in determining the registration fees and stamp duty when buying or selling property in Patharvaadi. It serves as a benchmark for the value of the property and is used to calculate the applicable charges during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Tierra?

The current guideline value of Tierra is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Tierra has remained at Rs 2,090 per sq.ft for both the 2023 and 2024 revisions, showing no change. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Tierra?

The land classification for Tierra is Residential Special Type - III, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Tierra?

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value would be Rs 20,90,000. The stamp duty would be Rs 1,46,300, and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Which Sub Registrar Office handles registrations for Tierra?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, handles registrations for Tierra.