Guideline Value for ZIVA APARTMENT

Ziva Apartment guideline value

The current guideline value of Ziva Apartment in Perumaleri village is Rs 550 per sq.ft, effective from 1 July 2024. This property falls under the Thirukazhukundram SRO and is classified as Residential Class I Type - I.

How the guideline value of Ziva Apartment has changed

The guideline value for Ziva Apartment has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which increased by 10% to Rs 550 per sq.ft in the 2024 revision.

This increase reflects a consistent adjustment in the guideline value over the years. The latest figure aligns with the median value of Rs 550 per sq.ft for the nine streets in Perumaleri under the Thirukazhukundram SRO.

Guideline values in Perumaleri

In Perumaleri, the guideline values for 2024 range from Rs 370 to Rs 1,500 per sq.ft, with a median value of Rs 550 per sq.ft. Ziva Apartment's 2024 guideline value matches this median. Below are the guideline values for other streets in Perumaleri:

• Ziva Hamsadhwani: Rs 555 per sq.ft (2024)
• Ziva Villa: Rs 370 per sq.ft (2024)
• Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I: Rs 550 per sq.ft (2024)
• Temblegarden: Rs 550 per sq.ft (2024)
• Chithra Avenue: Rs 550 per sq.ft (2024)
• Vanavil Privilege: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Ziva Apartment

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ziva Apartment?

The Ziva Apartment is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Perumaleri. It serves as a basis for calculating the stamp duty and registration fees that are payable at the time of registration.

When buying or selling property, it is essential to consider the guideline value as it directly impacts the overall cost of the transaction. Buyers and sellers must ensure that the sale price meets or exceeds the guideline value to comply with regulations.

Frequently asked questions

What is the current guideline value of Ziva Apartment?

The current guideline value of Ziva Apartment is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2023, the guideline value has increased from Rs 500 per sq.ft to Rs 550 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Perumaleri?

The guideline values for other streets in Perumaleri range from Rs 370 to Rs 1,500 per sq.ft, with Ziva Apartment's value matching the median of Rs 550 per sq.ft.

What are the stamp duty and registration fees for Ziva Apartment?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,50,000. The stamp duty is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Ziva Apartment?

Ziva Apartment is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.