Guideline Value for GLOBUS PALLADIUM

Globus Palladium guideline value

The current guideline value of Globus Palladium is Rs 4,000 per sq.ft. It is located in Padur village, under the Thiruporur SRO, and is classified as Mixed Type - II land.

How the guideline value of Globus Palladium has changed

The guideline value for Globus Palladium has undergone several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 4,000 per sq.ft. There are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

Since the 2023 revision, there have been no changes to the guideline value. The register has no figures for the previous revisions mentioned, indicating that the value has remained stable since the last recorded figure.

Guideline values in Padur

Currently, there are no specific village figures provided for Padur. The Globus Palladium guideline value is Rs 4,000 per sq.ft. There are no other streets in Padur listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Globus Palladium

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value would be Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Globus Palladium?

The Sub Registrar Office that covers Globus Palladium is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Padur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established value of the property.

When a property is registered, the higher amount between the guideline value and the sale price is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Globus Palladium?

The current guideline value of Globus Palladium is Rs 4,000 per sq.ft as per the 2023 revision.

Has the guideline value changed recently?

Yes, the guideline value was revised in 2023 to Rs 4,000 per sq.ft. There have been no changes in the guideline value since that revision.

What is the land classification for Globus Palladium?

The land classification for Globus Palladium is Mixed Type - II, which indicates the type of usage permitted for the land.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Globus Palladium?

Stamp duty for properties in Globus Palladium is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 at a rate of 7%.