Guideline Value for UNNAMED LAYOUT (FARMSITE)

Unnamed Layout (Farmsite) guideline value

The current guideline value for Unnamed Layout (Farmsite) is Rs 400 per sq.ft. This property is located in Pazhayaseevaram -A village under the Walajabad SRO, classified as Residential Class I Type - II.

How the guideline value of Unnamed Layout (Farmsite) has changed

The guideline value for Unnamed Layout (Farmsite) has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains this figure of Rs 400 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the increase remains at 49%, reflecting the stability in the guideline value since 2023.

Guideline values in Pazhayaseevaram -A

Pazhayaseevaram -A features 26 streets under the Walajabad SRO, with 2024 guideline values ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Unnamed Layout (Farmsite) above this median.

• Temple Meadows: Rs 500 per sq.ft (2024)
• VIP CITY in SMA GARDEN: Rs 500 per sq.ft (2024)
• Sri Varadharaja Avenue: Rs 400 per sq.ft (2024)
• sriSRIARUNACHALACITY PHASE-IV: Rs 400 per sq.ft (2024)
• Sri Sai Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasimmar Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamed Layout (Farmsite)

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total 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, resulting in a total of Rs 36,000. It is important to 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 further calculations.

Which Sub Registrar Office covers Unnamed Layout (Farmsite)?

The Sub Registrar Office that covers Unnamed Layout (Farmsite) is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pazhayaseevaram -A

The guideline value plays a crucial role in the registration process when buying or selling property in Pazhayaseevaram -A. It serves as a benchmark for determining the minimum price at which property transactions can be registered.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a recognized valuation of the property rather than the sale price alone.

Frequently asked questions

What is the current guideline value for Unnamed Layout (Farmsite)?

The current guideline value for Unnamed Layout (Farmsite) 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 2023, with a previous value of Rs 268 per sq.ft in 2017, reflecting a 49% increase over that period.

What is the land classification for Unnamed Layout (Farmsite)?

Unnamed Layout (Farmsite) is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft incurs a total of Rs 36,000 in fees.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, and it handles registrations for properties in the area.