Guideline Value for PALLAR GREENS

Pallar Greens guideline value

The current guideline value of Pallar Greens is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village under the Salavakkam SRO and is classified as Residential Special Type - I.

How the guideline value of Pallar Greens has changed

Since the 2012 revision, the guideline value for Pallar Greens has remained stable at Rs 200 per sq.ft as of 2024. The 2017 revision saw a significant increase to Rs 134 per sq.ft, marking a 49% rise from the previous 2012 figure. However, there were no figures available for the revisions in 2002, 2003, and 2007.

In the 2012 revision, the value was Rs 200 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Vichoor

In Vichoor village, there are four streets under the Salavakkam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 100 per sq.ft, indicating that Pallar Greens is above this median.

• Rpg Sriman City: Rs 100 per sq.ft (2024)
• Kannan Nagar Phase-1: Rs 100 per sq.ft (2024)
• Kannan Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Pallar Greens

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which totals Rs 14,000, and the registration fee at 2% amounts to Rs 4,000. Therefore, the total cost for stamp duty and registration fees together is Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallar Greens?

The Sub Registrar Office that covers Pallar Greens is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vichoor. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as assessed by the Registration Department. This is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Pallar Greens?

The current guideline value of Pallar Greens is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, while it increased from Rs 134 per sq.ft in 2017. There were no figures available for the revisions in 2002, 2003, and 2007.

What are the other streets in Vichoor with guideline values?

Other streets in Vichoor under the Salavakkam SRO include Rpg Sriman City, Kannan Nagar Phase-1, and Kannan Nagar, all with a guideline value of Rs 100 per sq.ft as of 2024.

What are the stamp duty and registration fees for Pallar Greens?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Pallar Greens located?

The Sub Registrar Office for Pallar Greens is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, in the Chengalpattu registration zone.