Guideline Value for Welcome City
₹550/sq.ft.
The guideline value for Welcome City in Vadakal_c village (Sriperumpudur SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Vadakal_c
Village
Sriperumpudur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹550 /sq.ft. |
| From 1-4-2023 | ₹500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | N/A |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Welcome City
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Welcome City guideline value
The current guideline value of Welcome City, located in Vadakal_C village under the Sriperumpudur SRO, is Rs 550 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.
How the guideline value of Welcome City has changed
The guideline value for Welcome City has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 500 per sq.ft. Prior to the 2023 revision, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.
In summary, the 2024 revision reflects a significant increase from the previous year, while the earlier years lack specific figures in the register for this street. This change in guideline value indicates the latest official valuation for property transactions in Welcome City.
Guideline values in Vadakal_C
In Vadakal_C village, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Welcome City's 2024 figure of Rs 550 per sq.ft is above this median.
- V.G.P. Vinoth Town Part III: Rs 200 per sq.ft (2024)
- V.G.P.Vinoth Town Part II: Rs 200 per sq.ft (2024)
- V.G.P.Vinoth Town: Rs 200 per sq.ft (2024)
- Velalar Street: Rs 300 per sq.ft (2024)
- Vasantham Nature City (Sri Aurobindo Nagar): Rs 400 per sq.ft (2024)
- Vasantham Nagar: Rs 750 per sq.ft (2024)
Stamp duty and registration fee for property in Welcome City
For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would amount to Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more details, you can use our stamp duty and registration fee calculator.
Which Sub Registrar Office covers Welcome City?
The Sub Registrar Office that covers Welcome City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Vadakal_C
The guideline value plays a crucial role in property transactions in Vadakal_C. It is used as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must consider this value to ensure compliance with local regulations.
When registering a property, the guideline value is essential for calculating applicable fees, such as stamp duty and registration charges. This ensures that all transactions are conducted transparently and in accordance with the law.
Frequently asked questions
What is the current guideline value of Welcome City?
The current guideline value of Welcome City is Rs 550 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.
What is the land classification for Welcome City?
Welcome City falls under the land classification of Residential Special Type - I.
Where can I find the Sub Registrar Office for Welcome City?
The Sub Registrar Office for Welcome City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
How is stamp duty calculated for properties in Welcome City?
Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft incurs a stamp duty of Rs 38,500.
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