Guideline Value for UNNAMED LAYOUT-S.NO:3/2D

Unnamed Layout-S.No:3/2d guideline value

The current guideline value for Unnamed Layout-S.No:3/2d is Rs 500 per sq.ft. This property is located in Kizhottivakkam village and falls under the Walajabad SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Unnamed Layout-S.No:3/2d has changed

The guideline value for Unnamed Layout-S.No:3/2d has undergone several revisions over the years. In 2012, the guideline value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. However, it saw a significant increase to Rs 500 per sq.ft in the 2023 revision, which was maintained in the 2024 revision, reflecting a 49% increase from 2017 to 2023. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Overall, the guideline value from 2012 to 2024 has shown no change, remaining at Rs 500 per sq.ft. The 2023 to 2024 revision saw no percentage change, maintaining the same guideline value. The fluctuations in the past revisions highlight the dynamic nature of property valuation in this area.

Guideline values in Kizhottivakkam

In Kizhottivakkam, there are 12 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 750 per sq.ft, with a median value of Rs 510 per sq.ft. The guideline value for Unnamed Layout-S.No:3/2d is below this median.

• Subhedar M.E Selvaraj Gandhimadhi Nagar: Rs 350 per sq.ft (2024)
• S.D.Garden: Rs 750 per sq.ft (2024)
• Sai Nagar: Rs 350 per sq.ft (2024)
• Ram Balaji Nagar: Rs 520 per sq.ft (2024)
• Jayam Nagar: Rs 750 per sq.ft (2024)
• Balu Garden -II: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamed Layout-S.No:3/2d

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total cost of duty and fees Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Unnamed Layout-S.No:3/2d?

The Sub Registrar Office that covers Unnamed Layout-S.No:3/2d 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 Kizhottivakkam

The guideline value is a crucial factor in property transactions in Kizhottivakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Additionally, the guideline value serves as a reference point for buyers and sellers to understand the value of properties in the area. It is essential to consider the guideline value when making decisions related to property transactions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Unnamed Layout-S.No:3/2d?

The current guideline value of Unnamed Layout-S.No:3/2d is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 500 per sq.ft. The value was Rs 335 per sq.ft in 2017, and it increased to Rs 500 per sq.ft in 2023.

What is the land classification of Unnamed Layout-S.No:3/2d?

Unnamed Layout-S.No:3/2d is classified as Residential Class III Type - I, indicating its suitability for residential development.

What is the stamp duty for property in Unnamed Layout-S.No:3/2d?

The stamp duty for property in Unnamed Layout-S.No:3/2d is calculated at 7% of the guideline value. For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000.

Where can I find the Sub Registrar Office for Unnamed Layout-S.No:3/2d?

The Sub Registrar Office for Unnamed Layout-S.No:3/2d is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.