Guideline Value for GOLDEN PALAR GARDENS

Golden Palar Gardens guideline value

The current guideline value of Golden Palar Gardens is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Maiyur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Golden Palar Gardens has changed

The guideline value for Golden Palar Gardens has undergone significant changes since 2007. In the 2007 revision, the guideline value was set at Rs 50 per sq.ft. This figure remained unchanged until the 2023 revision, where it was still Rs 400 per sq.ft. The 2024 revision also maintains this value at Rs 400 per sq.ft, resulting in a 700% increase from the 2007 figure to both the 2023 and 2024 figures.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017 for this street. The changes from 2007 to 2024 reflect a consistent guideline value of Rs 400 per sq.ft since 2023, indicating stability in the recent revisions.

Guideline values in Maiyur

In Maiyur, there are 28 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft, with the median being Rs 400 per sq.ft. The guideline value for Golden Palar Gardens aligns perfectly with this median.

• Green City: Rs 400 per sq.ft (2024)
• Green Park Avenue: Rs 400 per sq.ft (2024)
• Hariyagrivar Nagar: Rs 400 per sq.ft (2024)
• Indirangandhi Town: Rs 700 per sq.ft (2024)
• Karunai Nagar: Rs 400 per sq.ft (2024)
• Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Palar Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, which totals Rs 28,000, and the registration fee is charged at 2%, amounting to Rs 8,000. Together, the total fees would be Rs 36,000. It is essential 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 Golden Palar Gardens?

The Sub Registrar Office that covers Golden Palar Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Maiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Golden Palar Gardens?

The current guideline value of Golden Palar Gardens is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2023, showing a significant increase of 700% from Rs 50 per sq.ft in 2007.

What is the land classification for Golden Palar Gardens?

Golden Palar Gardens is classified as Residential Class I Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in Golden Palar Gardens?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,00,000, resulting in a stamp duty of Rs 28,000 and a registration fee of Rs 8,000, totaling Rs 36,000.

Which office handles registrations for Golden Palar Gardens?

The Chengleput Joint II Sub Registrar Office handles registrations for Golden Palar Gardens, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.