Guideline Value for ZED RIA PHASE-I

Zed Ria Phase-I guideline value

The current guideline value of Zed Ria Phase-I is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Ottiyampakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Zed Ria Phase-I has changed

The guideline value for Zed Ria Phase-I has undergone several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until 2017, when it was revised down to Rs 1,340 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,950 per sq.ft, placing Zed Ria Phase-I's 2024 figure above that median.

• Vinveli Nagar: Rs 1,600 per sq.ft (2024)
• Veerapandia Kottapomman Street: Rs 1,950 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,950 per sq.ft (2024)
• Thangarajapuram: Rs 1,950 per sq.ft (2024)
• Tellus Avenue Phase-II: Rs 3,200 per sq.ft (2024)
• Tellus Avenue: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Zed Ria Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Please 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 details.

Which Sub Registrar Office covers Zed Ria Phase-I?

The Sub Registrar Office that covers Zed Ria Phase-I is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Ottiyampakkam

The guideline value is a crucial factor when buying or selling property in Ottiyampakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value can influence their overall costs when completing a property transaction.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for buyers and sellers to understand that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the stamp duty.

Frequently asked questions

What is the current guideline value of Zed Ria Phase-I?

The current guideline value of Zed Ria Phase-I is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for Zed Ria Phase-I?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Zed Ria Phase-I?

The Selaiyur Sub Registrar Office covers Zed Ria Phase-I, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification of Zed Ria Phase-I?

Zed Ria Phase-I is classified as Residential Special Type - I, which indicates its designation for residential development.