Guideline Value

Corporate

Guideline Value for PALM TREE SHANTHI AVENUE PHASE 4

₹1100/sq.ft.

The guideline value for Palm Tree Shanthi Avenue Phase 4 in Thirumazhisai village (Poonamallee SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumazhisai

Village

Poonamallee

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Palm Tree Shanthi Avenue Phase 4

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Palm Tree Shanthi Avenue Phase 4 guideline value

The current guideline value of Palm Tree Shanthi Avenue Phase 4 is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Thirumazhisai village under the Poonamallee SRO, classified as Residential Special Type - I.

How the guideline value of Palm Tree Shanthi Avenue Phase 4 has changed

The guideline value for Palm Tree Shanthi Avenue Phase 4 has seen significant changes over the years. In the 2017 revision, the value was Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 has raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, reflecting a substantial change over this period.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Palm Tree Shanthi Avenue Phase 4 below that median.

Stamp duty and registration fee for property in Palm Tree Shanthi Avenue Phase 4

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Palm Tree Shanthi Avenue Phase 4?

The Palm Tree Shanthi Avenue Phase 4 falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thirumazhisai, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers should be aware that the guideline value is used as a reference point for calculating these fees, ensuring that the transaction is recorded accurately.

When purchasing or selling property, it is essential to consult the latest guideline values to understand the financial implications fully. This ensures compliance with local regulations and helps in budgeting for additional costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Palm Tree Shanthi Avenue Phase 4?

The current guideline value of Palm Tree Shanthi Avenue Phase 4 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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.

Which Sub Registrar Office handles property transactions in Palm Tree Shanthi Avenue Phase 4?

The Poonamallee Sub Registrar Office handles property transactions for Palm Tree Shanthi Avenue Phase 4, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees that buyers and sellers must pay. It serves as a reference point for these calculations, ensuring compliance with local regulations.