Guideline Value for WATER WAY PHASE - 3

Water Way Phase - 3 guideline value

The current guideline value of Water Way Phase - 3 is Rs 3,732 per sq.ft. This property is located in Ponmar village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Water Way Phase - 3 has changed

The guideline value for Water Way Phase - 3 has undergone significant changes over the years. The most recent revision in 2023 set the value at Rs 3,732 per sq.ft, which is an increase from the 2017 revision, where the value was Rs 2,500 per sq.ft. This marks a substantial increase of 49% between the 2017 and 2023 revisions. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2024.

In summary, the guideline value has evolved from Rs 2,500 per sq.ft in 2017 to Rs 3,732 per sq.ft in 2023. The absence of figures for other revisions suggests that the value has remained stable or unrecorded in those years.

Guideline values in Ponmar

Water Way Phase - 3 is situated within Ponmar, which currently has no specific village figures provided. The guideline value for this street is Rs 3,732 per sq.ft. Unfortunately, there are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Water Way Phase - 3

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 37,32,000. The stamp duty is calculated at 7%, which comes to Rs 2,61,240, while the registration fee at 2% totals Rs 74,640. Together, the total cost for these fees is Rs 3,35,880. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Water Way Phase - 3?

The Gooduvancheri Sub Registrar Office covers Water Way Phase - 3. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ponmar. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at the appropriate value. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Water Way Phase - 3?

The current guideline value of Water Way Phase - 3 is Rs 3,732 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2017 to Rs 3,732 per sq.ft in 2023, reflecting a 49% increase during this period.

Are there any guideline values for other years?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Water Way Phase - 3.

What are the stamp duty and registration fees for a property in Water Way Phase - 3?

For a 1,000 sq.ft property at the current guideline value, the stamp duty is Rs 2,61,240 and the registration fee is Rs 74,640, totaling Rs 3,35,880.

Which office handles the registration for Water Way Phase - 3?

The Gooduvancheri Sub Registrar Office is responsible for the registration of properties in Water Way Phase - 3, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.