Guideline Value for VARSHA TOWNSHIP PHASE II

Varsha Township Phase II guideline value

The current guideline value of Varsha Township Phase II is Rs 331 per sq.ft, effective from 1 July 2024. This property is located in Pyanoor village, under the Thiruporur SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Varsha Township Phase II has changed

The guideline value for Varsha Township Phase II has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 331 per sq.ft, an increase from the 2023 revision of Rs 301 per sq.ft. Notably, there was no change in the guideline value between the 2017 and 2023 revisions, as both were recorded at Rs 301 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures listed for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value increased by 10%. The 2024 figure of Rs 331 per sq.ft aligns with the median value of Rs 331 per sq.ft for the five streets in Pyanoor under the Thiruporur SRO.

Guideline values in Pyanoor

In Pyanoor village, the guideline values for 2024 range from Rs 275 to Rs 495 per sq.ft. Varsha Township Phase II's guideline value of Rs 331 per sq.ft is equal to the median value for the area.

• Varsha Township Phase I: Rs 331 per sq.ft (2024)
• Saraswathi Nagar Annex: Rs 495 per sq.ft (2024)
• Parvadhavardhini Nagar: Rs 440 per sq.ft (2024)
• Mamalla Artiste Villages: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Varsha Township Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 331 per sq.ft, the total guideline value amounts to Rs 3,31,000. The stamp duty at 7% would be Rs 23,170, and the registration fee at 2% would be Rs 6,620, totaling Rs 29,790. 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 more details.

Which Sub Registrar Office covers Varsha Township Phase II?

The Sub Registrar Office that covers Varsha Township Phase II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Pyanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers and sellers to be aware of the current guideline value to facilitate smooth transactions and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Varsha Township Phase II?

The current guideline value of Varsha Township Phase II is Rs 331 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 301 per sq.ft in 2023 to Rs 331 per sq.ft in 2024, marking a 10% increase. There was no change from 2017 to 2023, as both years recorded Rs 301 per sq.ft.

What are the guideline values of other streets in Pyanoor?

The guideline values of other streets in Pyanoor range from Rs 275 to Rs 495 per sq.ft. Varsha Township Phase II's value of Rs 331 per sq.ft is equal to the median value for the area.

What fees are associated with buying property in Varsha Township Phase II?

When buying property in Varsha Township Phase II, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Varsha Township Phase II located?

The Sub Registrar Office for Varsha Township Phase II is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.