Guideline Value for WINDERMERE

Windermere guideline value

The current guideline value of Windermere, located in Pallikaranai village, is Rs 4,950 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Commercial Special Type - I.

How the guideline value of Windermere has changed

The guideline value for Windermere has seen several revisions over the years. In 2012, the value was Rs 4,500 per sq.ft, which decreased to Rs 3,015 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the value to Rs 4,950 per sq.ft, reflecting a significant rise of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. The guideline value in 2017 was notably lower than in 2012, indicating a fluctuation in the values over the years.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, positioning Windermere's 2024 figure above this median.

• Yamuna Street: Rs 1,320 per sq.ft (2024)
• West Anna Nagar 9th Street: Rs 1,320 per sq.ft (2024)
• West Anna Nagar 9th Cross Street: Rs 1,320 per sq.ft (2024)
• West Anna Nagar 7th Street Extn: Rs 1,320 per sq.ft (2024)
• West Anna Nagar 6th Cross Street: Rs 1,320 per sq.ft (2024)
• West Anna Nagar 4th Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Windermere

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty, charged at 7%, would be Rs 3,46,500, and the registration fee, at 2%, would be Rs 99,000. Together, the total cost for stamp duty and registration fee would be Rs 4,45,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Windermere?

The Sub Registrar Office that covers Windermere 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. To locate your SRO, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pallikaranai. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Windermere?

The current guideline value of Windermere is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, and then increased to Rs 4,950 per sq.ft in 2024.

What is the land classification of Windermere?

Windermere is classified as Commercial Special Type - I under the Chennai South Joint I SRO.

What are the stamp duty rates for properties in Windermere?

The stamp duty for properties in Windermere is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Windermere located?

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