Guideline Value for PALM ENCLAVE

Palm Enclave guideline value

The current guideline value of Palm Enclave is Rs 1,200 per sq.ft. This property is located in Thaiyur-A village under the Thiruporur SRO, classified as Residential Special Type - I.

How the guideline value of Palm Enclave has changed

According to the guideline value register, there are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017 for Palm Enclave. The most recent revision in 2023 set the guideline value at Rs 1,200 per sq.ft, with no changes noted between the revisions.

Since the 2023 revision is the only figure available, it is important to note that there have been no changes in the guideline value for this street in previous years.

Guideline values in Thaiyur-A

Currently, there are no village figures provided for Thaiyur-A. Palm Enclave is the only street mentioned in the context of the Thiruporur SRO.

Stamp duty and registration fee for property in Palm Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty is charged at 7%, which equals Rs 84,000, and the registration fee is charged at 2%, amounting to Rs 24,000. Together, the total cost for stamp duty and registration fee is Rs 1,08,000. 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 Enclave?

The Palm Enclave property falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For further information, you can find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value is a crucial factor during property registration in Thaiyur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both the buyer and seller are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Palm Enclave?

The current guideline value of Palm Enclave is Rs 1,200 per sq.ft, as per the 2023 revision.

What is the land classification for Palm Enclave?

Palm Enclave is classified as Residential Special Type - I, indicating its designated use for residential purposes.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Palm Enclave between the revisions. The only available figure is from the 2023 revision, which is Rs 1,200 per sq.ft.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Palm Enclave?

Stamp duty for properties in Palm Enclave is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft property at the current guideline value, the stamp duty would amount to Rs 84,000.