Guideline Value for WOOD CREEK

Wood Creek guideline value

The current guideline value of Wood Creek is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Sirupinayoor, Thiruvanthavar, Perungazhi village, under the Salavakkam SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Wood Creek has changed

The guideline value of Wood Creek has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 67 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The 2023 revision maintained the value at Rs 100 per sq.ft, and the 2024 revision also kept it at Rs 100 per sq.ft, indicating no change between these two years.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2012 to 2024 revisions, the guideline value has remained stable at Rs 100 per sq.ft, showing no overall change despite fluctuations in previous years. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median of Rs 150 per sq.ft. The guideline value of Wood Creek is below this median.

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

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 fees 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 Wood Creek?

Wood Creek falls under the jurisdiction of the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Sirupinayoor, Thiruvanthavar, Perungazhi. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted in accordance with government regulations.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. The guideline value is periodically revised, reflecting changes in the real estate landscape, and it is crucial to stay updated on these changes for accurate financial planning.

Frequently asked questions

What is the current guideline value for Wood Creek?

The current guideline value for Wood Creek is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a decrease to Rs 67 per sq.ft in 2017, and an increase of 49% from 2017 to 2023. There were no figures for the years 2002, 2003, and 2007.

What is the median guideline value in Sirupinayoor,Thiruvanthavar,Perungazhi?

The median guideline value in Sirupinayoor, Thiruvanthavar, Perungazhi is Rs 150 per sq.ft for the year 2024. Wood Creek's guideline value is below this median.

What are the stamp duty and registration fees for property in Wood Creek?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Wood Creek?

The Salavakkam Sub Registrar Office handles the registration for Wood Creek, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.