Guideline Value for WHITE FIELD

White Field guideline value

The current guideline value of White Field, located in Medavakkam village, is Rs 4,110 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Special Type - II.

How the guideline value of White Field has changed

The guideline value for White Field has undergone significant changes over the years. In the 2017 revision, the guideline value was Rs 2,500 per sq.ft. With the latest revision in 2024, it has increased to Rs 4,110 per sq.ft, marking a substantial rise of 64% over this period. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

To summarize the revisions, the 2017 figure was Rs 2,500 per sq.ft, and the current figure of Rs 4,110 per sq.ft reflects the latest update. The absence of figures for the previous years indicates that the guideline value has not been recorded for those revisions.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, positioning White Field's 2024 figure above this median.

• Yerikkarai Street: Rs 2,750 per sq.ft (2024)
• V.O.C. Street: Rs 1,540 per sq.ft (2024)
• Vivekandhar Street: Rs 2,200 per sq.ft (2024)
• Vishnu Nagar 1st Main Road: Rs 2,200 per sq.ft (2024)
• Vinoth Street: Rs 2,200 per sq.ft (2024)
• Vinayaka Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in White Field

For a 1,000 sq.ft plot at the current guideline value of Rs 4,110 per sq.ft, the total guideline value amounts to Rs 41,10,000. The stamp duty at 7% would be Rs 2,87,700, and the registration fee at 2% would be Rs 82,200, bringing the total cost for these fees to Rs 3,69,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers White Field?

The Sub Registrar Office that covers White Field is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Medavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

During the registration process, the guideline value is used to assess the value of the property. This ensures that the appropriate fees are collected based on the established rates, thereby maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of White Field?

The current guideline value of White Field is Rs 4,110 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,500 per sq.ft to Rs 4,110 per sq.ft, which is a change of 64%.

Are there any revisions without figures for White Field?

Yes, the guideline value register has no figures for White Field for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Medavakkam?

The median guideline value in Medavakkam is Rs 2,200 per sq.ft, which is below the current value of White Field.

Where can I find the Sub Registrar Office for White Field?

The Sub Registrar Office for White Field is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.