Guideline Value for Teja's The Retreat

Teja's The Retreat guideline value

The current guideline value of Teja's The Retreat is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Kilay village, under the Sriperumpudur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Teja's The Retreat has changed

Over the years, the guideline value for Teja's The Retreat has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, it was adjusted to Rs 201 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 300 per sq.ft, and this figure remained constant through to the 2024 revision, showing no change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 to the 2024 revisions, the guideline value has remained the same, with no net change. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kilay

In Kilay village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Teja's The Retreat.

• Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)
• Sri Vaari Nagar: Rs 400 per sq.ft (2024)
• Sri Mahaganapathy Nagar: Rs 400 per sq.ft (2024)
• Sri Krishna Nagar: Rs 400 per sq.ft (2024)
• Vasinavi Nagar: Rs 400 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Teja's The Retreat

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 is charged at 7%, totaling Rs 21,000, while the registration fee is 2%, amounting to Rs 6,000. Therefore, the total cost for stamp duty and registration would be Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teja's The Retreat?

The Sub Registrar Office that covers Teja's The Retreat is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kilay, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value for calculating applicable stamp duty and registration fees during the transaction.

When a property is registered, the guideline value serves as a benchmark for taxation purposes. It ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Teja's The Retreat?

The current guideline value of Teja's The Retreat is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023.

What is the land classification for Teja's The Retreat?

Teja's The Retreat is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where is the Sub Registrar Office for Teja's The Retreat located?

The Sub Registrar Office for Teja's The Retreat is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for Teja's The Retreat?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft has a total guideline value of Rs 3,00,000, leading to a stamp duty of Rs 21,000.