Guideline Value for UNKNOWN LAYOUT

Unknown Layout guideline value

The current guideline value for Unknown Layout in Nei Kuppi village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Thirukazhukundram SRO and is classified as Residential Special Type - I.

How the guideline value of Unknown Layout has changed

The guideline value for Unknown Layout has remained consistent at Rs 250 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In the 2023 revision, the guideline value was also Rs 250 per sq.ft. This indicates that there have been no fluctuations in the guideline value for this street over the last two revisions.

Guideline values in Nei Kuppi

In Nei Kuppi, there are three streets under the Thirukazhukundram SRO that have a 2024 guideline value ranging from Rs 250 to Rs 400 per sq.ft. The median value for this area is Rs 250 per sq.ft, which is equal to the guideline value for Unknown Layout.

• Muthu Kumaran Nagar: Rs 250 per sq.ft (2024)
• Shree Krishna Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Unknown Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total of Rs 22,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Unknown Layout?

The Sub Registrar Office that covers Unknown Layout is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nei Kuppi. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being sold or purchased.

When a property is registered, 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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Unknown Layout?

The current guideline value for Unknown Layout is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from the 2023 revision to the 2024 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Nei Kuppi?

In addition to Unknown Layout, other streets in Nei Kuppi include Muthu Kumaran Nagar at Rs 250 per sq.ft and Shree Krishna Garden at Rs 400 per sq.ft for the year 2024.

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

For a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles the registration for Unknown Layout?

The Thirukazhukundram Sub Registrar Office handles registrations for Unknown Layout, located at Thiruchengode - 637 211, Chengalpattu registration zone.