Guideline Value for PALM SPRING PHASE I

Palm Spring Phase I guideline value

The current guideline value of Palm Spring Phase I is Rs 1,005 per sq.ft. This property is located in Sirucheri village and falls under the Thiruporur SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Palm Spring Phase I has changed

The guideline value for Palm Spring Phase I has been recorded in several revisions. However, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 1,005 per sq.ft, which remains unchanged from previous revisions.

As there are no recorded figures for the earlier years, the only available guideline value is from the 2023 revision. This indicates that the guideline value has remained stable without any changes across the revisions listed.

Guideline values in Sirucheri

Currently, there are no specific village figures available for Sirucheri. Palm Spring Phase I is the only street mentioned, and there are no other streets in Sirucheri under the Thiruporur SRO.

Stamp duty and registration fee for property in Palm Spring Phase I

For a 1,000 sq.ft plot at the current rate of Rs 1,005 per sq.ft, the guideline value amounts to Rs 10,05,000. The stamp duty at 7% would be Rs 70,350, and the registration fee at 2% would be Rs 20,100, leading to a total of Rs 90,450. 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 Spring Phase I?

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

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Sirucheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

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

Frequently asked questions

What is the current guideline value of Palm Spring Phase I?

The current guideline value of Palm Spring Phase I is Rs 1,005 per sq.ft, as per the 2023 revision.

What is the land classification for Palm Spring Phase I?

The land classification for Palm Spring Phase I is Mixed Type - I.

Have there been any changes in the guideline value over the years?

There have been no changes in the guideline value of Palm Spring Phase I across the revisions listed. The only available figure is from the 2023 revision, which is Rs 1,005 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, Chengalpattu registration zone.

How is stamp duty calculated for properties in Palm Spring Phase I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the guideline value is Rs 10,05,000, leading to a stamp duty of Rs 70,350 at 7%.