Guideline Value for PALLAVA GARDEN

Pallava Garden guideline value

The current guideline value of Pallava Garden in Pulipakkam village is Rs 600 per sq.ft, effective from 1 July 2024. This property 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 remained stable at Rs 600 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, in the 2007 revision, the guideline value was Rs 410 per sq.ft, marking a significant increase of 46% over the years from 2007 to 2023.

There are no figures available for the revisions in 2017, 2012, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 46%, reflecting the same current rate of Rs 600 per sq.ft established in the latest revision.

Guideline values in Pulipakkam

Pulipakkam village has 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 1,000 per sq.ft, with the median being Rs 600 per sq.ft. Pallava Garden's 2024 figure aligns with this median.

• Pallavan Nagar: Rs 600 per sq.ft (2024)
• Nu-Tech Gardenia Phase - III: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - II: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - I: Rs 1,000 per sq.ft (2024)
• Narayana Nagar: Rs 600 per sq.ft (2024)
• Purusothaman Nagar: 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 rate of Rs 600 per sq.ft, the 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, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 Pulipakkam

The guideline value plays a crucial role during property registration in Pulipakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

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, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has not changed from Rs 600 per sq.ft since the 2023 revision. It increased from Rs 410 per sq.ft in the 2007 revision, resulting in a 46% increase over the years.

What is the land classification for Pallava Garden?

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

Where can I find the Sub Registrar Office for Pallava Garden?

The Chengleput Joint II Sub Registrar Office covers Pallava Garden and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Pallava Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,00,000, the stamp duty at 7% would amount to Rs 42,000.