Guideline Value for PARADISE VILLAGE SAI GARDEN

Paradise Village Sai Garden guideline value

The current guideline value of Paradise Village Sai Garden is Rs 602 per sq.ft, effective from 1 July 2024. This property is located in Kattoor village under the Thiruporur SRO, and the land classification is Mixed Type - I.

How the guideline value of Paradise Village Sai Garden has changed

The guideline value for Paradise Village Sai Garden has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value increased significantly in the 2023 revision to Rs 600 per sq.ft, and then slightly rose to Rs 602 per sq.ft in the 2024 revision, resulting in a 0% change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 602 per sq.ft, indicating stability over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattoor

Kattoor village has 22 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,493 per sq.ft. The median guideline value in the village is Rs 749 per sq.ft, placing Paradise Village Sai Garden's 2024 figure below that median.

• Paradise Village: Rs 1,000 per sq.ft (2024)
• Palm Avenue: Rs 602 per sq.ft (2024)
• M.S. Nagar: Rs 1,269 per sq.ft (2024)
• Sai Garden: Rs 600 per sq.ft (2024)
• Sowndharya Avenue: Rs 300 per sq.ft (2024)
• Sri Arumugam Nagar: Rs 602 per sq.ft (2024)

Stamp duty and registration fee for property in Paradise Village Sai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 602 per sq.ft, the total guideline value would be Rs 6,02,000. The stamp duty at 7% would be Rs 42,140, and the registration fee at 2% would be Rs 12,040, bringing the total cost to Rs 54,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Paradise Village Sai Garden?

The Sub Registrar Office that covers Paradise Village Sai Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further information.

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

The guideline value is an essential factor in the registration process of property transactions in Kattoor. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the higher of the guideline value or the sale price is used to calculate the stamp duty. This ensures that the government receives appropriate revenue based on the property's value at the time of sale.

Frequently asked questions

What is the current guideline value of Paradise Village Sai Garden?

The current guideline value of Paradise Village Sai Garden is Rs 602 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 setting it at Rs 602 per sq.ft, which is the same as the 2023 revision. The value was Rs 600 per sq.ft in 2012 and dropped to Rs 402 per sq.ft in 2017.

What is the land classification for Paradise Village Sai Garden?

The land classification for Paradise Village Sai Garden is Mixed Type - I, which indicates the type of development and usage permitted in the area.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Kattoor?

Stamp duty for properties in Kattoor is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,02,000 would incur a stamp duty of Rs 42,140 at a rate of 7%.