Guideline Value for PALLAVA FARMS

Pallava Farms guideline value

The current guideline value of Pallava Farms, located in Kachadimangalam village, is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Pallava Farms has changed

Looking at the historical revisions, the guideline value for Pallava Farms was Rs 200 per sq.ft in 2023, which remained unchanged in the 2024 revision. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a guideline value of Rs 200 per sq.ft, showing a decrease of 33% from the 2012 figure to the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kachadimangalam

In Kachadimangalam, there are seven streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 500 per sq.ft. Pallava Farms is below this median value.

• Sathiya Sai Nagar: Rs 600 per sq.ft (2024)
• Sathiya Sai Nagar Extn -3b: Rs 500 per sq.ft (2024)
• Sathiya Sai Nagar Extn I: Rs 500 per sq.ft (2024)
• Sathiya Sai Nagar Extn II: Rs 500 per sq.ft (2024)
• Sri Sathiya Sai Nagar Extn III: Rs 500 per sq.ft (2024)
• Yogam Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Pallava Farms

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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallava Farms?

The Sub Registrar Office that covers Pallava Farms 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 information.

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

The guideline value is a critical factor when registering property transactions in Kachadimangalam. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps in determining the official value of the property for registration purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pallava Farms?

The current guideline value of Pallava Farms 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, with a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, reflecting a 49% increase over that period.

What is the land classification of Pallava Farms?

Pallava Farms is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Pallava Farms?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000 in fees.

Which office handles property registrations in Kachadimangalam?

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