Guideline Value for PALACE VIEW GARDEN

₹350/sq.ft.

The guideline value for Palace View Garden in Eazhichur village (Walajabad SRO, Chengalpattu zone) is Rs 350 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Eazhichur

Village

Walajabad

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹350 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sriperumbudur Road, Walajabad-631 605
044-27257430
[email protected]

DRO (District Registrar Office)

No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Palace View Garden

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Palace View Garden guideline value

The current guideline value of Palace View Garden is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in Eazhichur village, under the Walajabad SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Palace View Garden has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 234 per sq.ft, marking a drop of 33%. The 2023 revision saw a return to Rs 350 per sq.ft, which was maintained in the 2024 revision, resulting in no percentage change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 50%, bringing it back to Rs 350 per sq.ft. The overall change from the 2012 figure to the current 2024 figure is 0%, indicating stability in the guideline value over this period.

Guideline values in Eazhichur

In Eazhichur, there are 13 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 201 to Rs 3,650 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing the 2024 guideline value of Palace View Garden below this median.

Stamp duty and registration fee for property in Palace View Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty is charged at 7%, which equals Rs 24,500, and the registration fee is 2%, amounting to Rs 7,000. Together, the total cost for stamp duty and registration fee is Rs 31,500. 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 Palace View Garden?

The Palace View Garden falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Eazhichur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Palace View Garden?

The current guideline value of Palace View Garden is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease to Rs 234 per sq.ft in 2017, followed by a return to Rs 350 per sq.ft in 2023 and 2024. Overall, there has been no change from the 2012 figure to the 2024 figure.

What are the stamp duty and registration fees for property in Palace View Garden?

For a property valued at Rs 3,50,000, the stamp duty is Rs 24,500 and the registration fee is Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Palace View Garden?

The Walajabad Sub Registrar Office handles registrations for Palace View Garden. It is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification for Palace View Garden?

The land classification for Palace View Garden is Residential Class I Type - II, indicating its suitability for residential development.