Guideline Value for PALM AVENUE

Palm Avenue guideline value

The current guideline value of Palm Avenue in Thandalam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Thiruporur SRO and is classified as Mixed Type - II.

How the guideline value of Palm Avenue has changed

The guideline value for Palm Avenue has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, which is an increase from the 2023 figure of Rs 1,000 per sq.ft, marking a change of +10%. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there were no recorded figures for Palm Avenue in the guideline value register for the years mentioned. The 2024 value reflects the latest assessment of the street's worth in the context of the surrounding area.

Guideline values in Thandalam

In Thandalam, there are 26 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 3,275 per sq.ft. The median guideline value in the village is Rs 1,650 per sq.ft, placing the 2024 figure for Palm Avenue below this median.

• Pachyappan Nagar: Rs 1,100 per sq.ft (2024)
• Sri Agathiyar Avenue: Rs 770 per sq.ft (2024)
• Jothi Nagar: Rs 1,650 per sq.ft (2024)
• Sri Ram Nagar: Rs 1,100 per sq.ft (2024)
• Janani's Kandhan Kottam Phase II: Rs 1,980 per sq.ft (2024)
• Sunshine Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Palm Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Palm Avenue?

The Sub Registrar Office that covers Palm Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the value of the property for stamp duty and registration fees.

When a property transaction takes place, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Palm Avenue?

The current guideline value of Palm Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Palm Avenue increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Thandalam?

The median guideline value in Thandalam is Rs 1,650 per sq.ft. The guideline value for Palm Avenue is below this median.

What are the stamp duty and registration fees for Palm Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Palm Avenue located?

The Sub Registrar Office that covers Palm Avenue is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.