Guideline Value for PARADISE CITY EXTENSION

Paradise City Extension guideline value

The current guideline value of Paradise City Extension is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vadamelpakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Paradise City Extension has changed

According to the register, there are no figures for Paradise City Extension in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 1,000 per sq.ft, consistent with the previous year's figure. This reflects a change of +0% from 2023 to 2024.

Guideline values in Vadamelpakkam

In Vadamelpakkam, there are 19 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 350 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Paradise City Extension's 2024 figure above this median.

• Paradise City: Rs 1,000 per sq.ft (2024)
• Mavsorva Garden: Rs 350 per sq.ft (2024)
• Mavasorra Garden Extension: Rs 350 per sq.ft (2024)
• Senthamil Nagar: Rs 350 per sq.ft (2024)
• krishna Nagar: Rs 350 per sq.ft (2024)
• Kannaya Garden: Rs 975 per sq.ft (2024)

Stamp duty and registration fee for property in Paradise City Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, while the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Paradise City Extension?

The Sub Registrar Office covering Paradise City Extension is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vadamelpakkam. It serves as a reference point to determine the stamp duty and registration fees applicable on the property being bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Paradise City Extension?

The current guideline value of Paradise City Extension is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Paradise City Extension?

The land classification for Paradise City Extension is Residential Special Type - II. This classification is important for understanding the zoning and permissible uses of the land.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Where can I find the Sub Registrar Office for Paradise City Extension?

The Sub Registrar Office for Paradise City Extension is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.