Guideline Value for XL ESTATES

Xl Estates guideline value

The current guideline value of Xl Estates is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Xl Estates has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The most recent 2024 revision has maintained this value at Rs 700 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been an increase of 49%. The revisions for the years 2002, 2003, 2007, and 2012 do not have figures recorded for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which aligns with the guideline value of Xl Estates.

• V P Chatram: Rs 1,000 per sq.ft (2024)
• Yug nagar: Rs 1,000 per sq.ft (2024)
• Vivekanandapuram: Rs 700 per sq.ft (2024)
• Vishnuprakash Nagar: Rs 700 per sq.ft (2024)
• Vinus garden: Rs 700 per sq.ft (2024)
• Vinayaga nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Xl Estates

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Xl Estates?

The Sub Registrar Office covering Xl Estates 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 Sriperumbudur A

The guideline value is a crucial reference for property transactions in Sriperumbudur A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Xl Estates?

The current guideline value of Xl Estates is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining at Rs 700 per sq.ft from 2023 to 2024.

What are the guideline values of other streets in Sriperumbudur A?

Other streets in Sriperumbudur A have varying guideline values, with rates ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft.

What fees are associated with property registration in Xl Estates?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Xl Estates located?

The Sub Registrar Office for Xl Estates is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.