Guideline Value for VILLIYAR PAINT COMPANY ROAD (CHEN)

Villiyar Paint Company Road (Chen) guideline value

The current guideline value for Villiyar Paint Company Road (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Villiyar Paint Company Road (Chen) has changed

The guideline value for Villiyar Paint Company Road (Chen) has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,200 per sq.ft, and the most recent 2024 revision has set the value at Rs 1,320 per sq.ft.

Between these revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 reflects a 10% increase in the guideline value.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The current guideline value for Villiyar Paint Company Road (Chen) is above the median value of Rs 880 per sq.ft.

• Villa Viviana: Rs 1,540 per sq.ft (2024)
• Vinayagar Kovil Street (Chen): Rs 660 per sq.ft (2024)
• Venkateswara Nagar (Krishna Foundation): Rs 1,100 per sq.ft (2024)
• Vandipalaiyathamman Koil Street (Chen): Rs 660 per sq.ft (2024)
• Vagrathunda Nagar (Chen): Rs 660 per sq.ft (2024)
• Thulir: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Villiyar Paint Company Road (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees together Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Villiyar Paint Company Road (Chen)?

The Sub Registrar Office covering Villiyar Paint Company Road (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sengundram - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the applicable fees. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Villiyar Paint Company Road (Chen)?

The current guideline value for Villiyar Paint Company Road (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,320 per sq.ft in 2024. It was Rs 1,200 per sq.ft in 2023, Rs 804 per sq.ft in 2017, and Rs 1,200 per sq.ft in 2012.

What is the land classification for Villiyar Paint Company Road (Chen)?

Villiyar Paint Company Road (Chen) is classified as Residential Special Type - II, which influences its guideline value and usage.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000, leading to a stamp duty of Rs 92,400.