Guideline Value for WHITE CITY ANNEX

White City Annex guideline value

The current guideline value of White City Annex is Rs 1,400 per sq.ft, effective from 1 July 2024. This area falls under Panchetty village and is registered with the Redhills SRO. The land classification for this street is Mixed Type - I.

How the guideline value of White City Annex has changed

The guideline value for White City Annex has remained consistent at Rs 1,400 per sq.ft since the 2023 revision. Prior to that, there are no figures available in the register for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the guideline value was set at Rs 1,400 per sq.ft, which shows no change from the 2023 revision. This indicates that the value has stabilized at this rate for the last two years.

Guideline values in Panchetty

Panchetty village has 46 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 300 to Rs 1,600 per sq.ft, with a median value of Rs 1,000 per sq.ft. White City Annex's guideline value is above this median, reflecting its position within the village.

• White City: Rs 1,400 per sq.ft (2024)
• Vivekananda Nagar: Rs 400 per sq.ft (2024)
• Udaiyar Street: Rs 1,000 per sq.ft (2024)
• Thatchoor Udaiyar 2nd Cross Street: Rs 1,000 per sq.ft (2024)
• Thatchoor Udaiyar 1st Cross Street: Rs 1,000 per sq.ft (2024)
• Thatchoor School Salai: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in White City Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. 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 White City Annex?

The Sub Registrar Office that covers White City Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Panchetty, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value when negotiating sale prices, as the duty is charged on the higher of the guideline value or the sale price.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value helps in standardizing property transactions and provides a reference point for both buyers and sellers.

Frequently asked questions

What is the current guideline value for White City Annex?

The current guideline value for White City Annex is Rs 1,400 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value for properties is revised periodically, with the most recent revisions for White City Annex occurring in 2023 and 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty rates applicable in White City Annex?

The stamp duty rate applicable in White City Annex is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for White City Annex?

The Sub Registrar Office for White City Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value for other streets in Panchetty?

The median guideline value for other streets in Panchetty is Rs 1,000 per sq.ft. White City Annex's guideline value is above this median, reflecting its value within the village.