Guideline Value for WHITE TOWN VILLAS

White Town Villas guideline value

The current guideline value of White Town Villas in Potheri village, under the Chengleput Joint II SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of White Town Villas has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +10%.

The current 2024 guideline value of Rs 2,200 per sq.ft reflects an increase from the previous year’s figure of Rs 2,000 per sq.ft. This increase is part of the ongoing revisions to the guideline values in the region.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing White Town Villas above that median.

• V.O.C Street (Ward-20): Rs 880 per sq.ft (2024)
• Yerikkarai Street (Ward -1): Rs 440 per sq.ft (2024)
• Vivekananthar Street (Ward-21): Rs 660 per sq.ft (2024)
• Vishnupriya Priya Avenue Ninnakarai: Rs 1,651 per sq.ft (2024)
• Viknarajapuram Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Vijayalakshmi Nagar (Ward-21): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in White Town Villas

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers White Town Villas?

The Sub Registrar Office that covers White Town Villas is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of White Town Villas?

The current guideline value of White Town Villas is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, which is a change of +10%.

What is the land classification for White Town Villas?

The land classification for White Town Villas is Residential Special Type - I.

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.

How is the stamp duty calculated for properties in White Town Villas?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft would incur a stamp duty of Rs 1,54,000.