Guideline Value for WELCOME CITY

Welcome City guideline value

The current guideline value of Welcome City, located in Sirupinayoor,Thiruvanthavar,Perungazhi village, is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification and is registered with the Salavakkam SRO.

How the guideline value of Welcome City has changed

The guideline value for Welcome City has seen several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft. This figure remained unchanged in the 2017 revision, where it was revised to Rs 67 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 100 per sq.ft, which remained the same in the 2024 revision, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 100 per sq.ft.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor,Thiruvanthavar,Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Welcome City below this median.

• Welcome City Part-I: Rs 100 per sq.ft (2024)
• Vvip Nagar: Rs 150 per sq.ft (2024)
• Vsr Nagar: Rs 426 per sq.ft (2024)
• Wood Creek: Rs 100 per sq.ft (2024)
• Vr Promotors Thendral Nagar: Rs 100 per sq.ft (2024)
• Vishwa Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Welcome City

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. 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 more information.

Which Sub Registrar Office covers Welcome City?

The Sub Registrar Office covering Welcome City is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value is a crucial factor when buying or selling property in Sirupinayoor,Thiruvanthavar,Perungazhi. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the registration process is consistent and transparent.

Frequently asked questions

What is the current guideline value of Welcome City?

The current guideline value of Welcome City is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Welcome City has remained at Rs 100 per sq.ft since 2012, with a decrease to Rs 67 per sq.ft in 2017, and then returning to Rs 100 per sq.ft in 2023 and 2024.

What is the registration office for Welcome City?

The registration office for Welcome City is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Welcome City?

Stamp duty for properties in Welcome City is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 100 per sq.ft would incur a total stamp duty of Rs 7,000.

What is the land classification for Welcome City?

Welcome City is classified as Residential Class I Type - I, which is important for understanding its zoning and potential uses.