Guideline Value for PALLAVA GARDEN

Pallava Garden guideline value

The current guideline value of Pallava Garden, located in Kandular village, is Rs 600 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Pallava Garden has changed

The guideline value for Pallava Garden has seen several revisions over the years. In the 2007 revision, the value was Rs 410 per sq.ft, which increased to Rs 600 per sq.ft in the 2012 revision, marking a rise of 46%. However, in the 2017 revision, the value decreased to Rs 402 per sq.ft, a drop of 33%. The value then rose significantly to Rs 600 per sq.ft in the 2023 revision, and it remained unchanged at Rs 600 per sq.ft in the 2024 revision, indicating a 0% change between these two years. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 46%. The most notable change occurred between the 2017 and 2023 revisions, where the value rose by 49%, reflecting a significant adjustment in the guideline value for this area.

Guideline values in Kandular

In Kandular, there are 20 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 650 per sq.ft, with the median being Rs 600 per sq.ft. Pallava Garden's 2024 figure aligns with this median value.

• Mullai Avenue: Rs 600 per sq.ft (2024)
• Rangayam Karupar Avenue: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - I: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase-II&iii: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - IV: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - V: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Pallava Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total cost for these fees Rs 54,000. It is important to 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 Garden?

The Sub Registrar Office that covers Pallava Garden 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 Kandular

The guideline value is a crucial factor when registering property transactions in Kandular. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency in real estate transactions and protects both buyers and sellers by providing a standard reference point.

Frequently asked questions

What is the current guideline value of Pallava Garden?

The current guideline value of Pallava Garden is Rs 600 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase of 49% occurring between the 2017 and 2023 revisions. The value has remained at Rs 600 per sq.ft since the 2023 revision.

What is the land classification of Pallava Garden?

Pallava Garden is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Pallava Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 6,00,000, the stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000.