Guideline Value for syamala real city phase 1,2,3

Syamala Real City Phase 1,2,3 guideline value

The current guideline value for Syamala Real City Phase 1,2,3 is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Manapakkam village, under the Chengleput Joint I SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Syamala Real City Phase 1,2,3 has changed

Since the 2012 revision, the guideline value for Syamala Real City has fluctuated. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision saw a decrease to Rs 100 per sq.ft, marking a 33% drop from the 2012 figure. However, the value increased by 50% to Rs 150 per sq.ft in the 2023 revision.

Looking at the most recent revisions, the 2024 revision maintained the guideline value at Rs 150 per sq.ft, showing no change from the previous year. The revisions for the years 2002, 2003, and 2007 have no figures available for this street in the register.

Guideline values in Manapakkam

In Manapakkam, there are 11 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Syamala Real City Phase 1,2,3 below that median.

• Vijayalakshmi Nagar Phase I,II,III,IV,V,VI,VII: Rs 200 per sq.ft (2024)
• Sakthi Garden: Rs 150 per sq.ft (2024)
• Sai Jothi Avenue: Rs 254 per sq.ft (2024)
• Om Saravanabava Nagar Phase-II: Rs 200 per sq.ft (2024)
• Om Saravanabava Nagar Phase-I: Rs 500 per sq.ft (2024)
• New Krishna Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Syamala Real City Phase 1,2,3

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Syamala Real City Phase 1,2,3?

The Chengleput Joint I Sub Registrar Office covers Syamala Real City Phase 1,2,3. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value for Syamala Real City Phase 1,2,3?

The current guideline value for Syamala Real City Phase 1,2,3 is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 150 per sq.ft in 2023 and 2024. It was Rs 100 per sq.ft in 2017, which was a decrease from Rs 150 per sq.ft in 2012.

What is the land classification for Syamala Real City Phase 1,2,3?

Syamala Real City Phase 1,2,3 falls under the Residential Class II Type - I land classification.

Where is the Chengleput Joint I Sub Registrar Office located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Syamala Real City Phase 1,2,3?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000, leading to a stamp duty of Rs 10,500.