Guideline Value for PARADISE CITY

Paradise City guideline value

The current guideline value of Paradise City, located in Vadamelpakkam village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Paradise City has changed

The guideline value for Paradise City has remained consistent at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

From the 2023 revision to the 2024 revision, there has been no change, with the guideline value remaining at Rs 1,000 per sq.ft, indicating stability in this valuation over the last two years.

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 above this median value.

• Paradise City Extension: 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

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, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. 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 on your specific property transactions.

Which Sub Registrar Office covers Paradise City?

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

To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Vadamelpakkam, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties, ensuring that both parties are aware of the financial implications of the transaction. It is essential to refer to the latest guideline values for accurate calculations.

Frequently asked questions

What is the current guideline value of Paradise City?

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

How has the guideline value changed over the years?

The guideline value for Paradise City has remained unchanged at Rs 1,000 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Vadamelpakkam?

Other streets in Vadamelpakkam have varying guideline values, with rates ranging from Rs 350 to Rs 1,000 per sq.ft. Paradise City is above the median value of Rs 350 per sq.ft.

How is stamp duty calculated for properties in Paradise City?

Stamp duty for properties in Paradise City is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.

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

The Sub Registrar Office for Paradise City is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can also find your specific SRO online.