Guideline Value for PARADISE VILLAGE

Paradise Village guideline value

The current guideline value for Paradise Village, located in Kattoor village under the Thiruporur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Paradise Village has changed

The guideline value for Paradise Village has remained consistent at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. This indicates that there has been no change in the guideline value from 2023 to 2024, reflecting a stable valuation during this period.

For earlier revisions, the register has no figure for the years 2002, 2003, 2007, 2012, and 2017. Therefore, we only have the figures for 2023 and 2024 at Rs 1,000 per sq.ft.

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 guideline value for Paradise Village is above the median value of Rs 749 per sq.ft. Below are other streets in Kattoor with their respective guideline values:

• Paradise Village Sai Garden: Rs 602 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling 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 also use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Paradise Village?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattoor. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered the minimum value for the transaction, ensuring that the government receives the appropriate revenue from the sale. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Paradise Village?

The current guideline value for Paradise Village 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 Village has remained at Rs 1,000 per sq.ft for both 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 Kattoor?

Other streets in Kattoor have varying guideline values, with rates ranging from Rs 250 to Rs 1,493 per sq.ft. Paradise Village's value is above the median of Rs 749 per sq.ft.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated 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 be Rs 90,000.

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

The Sub Registrar Office for Paradise Village is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.