Guideline Value for Teachers VIP Layout

Teachers VIP Layout guideline value

The current guideline value of Teachers VIP Layout is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kaval Kazhani village under the Sunguvarchattram SRO, classified as Residential Special Type - I.

How the guideline value of Teachers VIP Layout has changed

The guideline value for Teachers VIP Layout has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision marked a significant increase to Rs 268 per sq.ft, reflecting a 49% rise from the previous revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has remained stable at Rs 400 per sq.ft. The 2023 to 2024 revision showed no change, maintaining the value at Rs 400 per sq.ft.

Guideline values in Kaval Kazhani

In Kaval Kazhani, there are 20 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 226 to Rs 1,550 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Teachers VIP Layout is above this median.

• Suncity I,II: Rs 300 per sq.ft (2024)
• Suncity: Rs 300 per sq.ft (2024)
• Thirumagal Nagar: Rs 226 per sq.ft (2024)
• Thirumalai nagar phase-III: Rs 400 per sq.ft (2024)
• Thirumal Nagar Extension: Rs 226 per sq.ft (2024)
• Sri Sheshadhri Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers VIP Layout

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Teachers VIP Layout?

The Teachers VIP Layout falls under the jurisdiction of 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 Kaval Kazhani

The guideline value is a crucial factor when registering property transactions in Kaval Kazhani. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Teachers VIP Layout?

The current guideline value of Teachers VIP Layout is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with no change from 2023 to 2024, and a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Teachers VIP Layout?

Teachers VIP Layout is classified as Residential Special Type - I under the guideline value register.

Where can I find the registration office for Teachers VIP Layout?

The registration office for Teachers VIP Layout is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property in Teachers VIP Layout?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a stamp duty of Rs 28,000.