Guideline Value for ZIVA VILLA

Ziva Villa guideline value

The current guideline value of Ziva Villa, located in Perumaleri village, is Rs 370 per sq.ft, effective from 1 July 2024. This property falls under the Thirukazhukundram SRO and is classified as Residential Special Type - V.

How the guideline value of Ziva Villa has changed

Since the register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for Ziva Villa, we will start from the 2023 revision. In 2023, the guideline value was Rs 335 per sq.ft. The latest revision in 2024 shows an increase to Rs 370 per sq.ft, marking a change of +10% from the previous year.

The 2024 revision reflects the current market conditions and updates the guideline value for Ziva Villa accordingly. The guideline value has seen a steady increase from Rs 335 in 2023 to Rs 370 in 2024.

Guideline values in Perumaleri

In Perumaleri village, there are 9 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 370 to Rs 1,500 per sq.ft. Ziva Villa's guideline value is below the median of Rs 550 per sq.ft for these streets.

• Ziva Hamsadhwani: Rs 555 per sq.ft (2024)
• Ziva Apartment: Rs 550 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 Villa

For a 1,000 sq.ft plot at the current guideline value of Rs 370 per sq.ft, the total guideline value amounts to Rs 3,70,000. The stamp duty at 7% would be Rs 25,900, and the registration fee at 2% would be Rs 7,400, totaling Rs 33,300. 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 detailed calculations.

Which Sub Registrar Office covers Ziva Villa?

Ziva Villa is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process of property transactions in Perumaleri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Ziva Villa?

The current guideline value of Ziva Villa is Rs 370 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Ziva Villa was Rs 335 per sq.ft in 2023 and increased by 10% to Rs 370 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of Ziva Villa?

Ziva Villa is classified as Residential Special Type - V under the Thirukazhukundram SRO.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 25,900 and the registration fee would be Rs 7,400, totaling Rs 33,300. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Ziva Villa?

The registration for Ziva Villa is handled by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.