Guideline Value for PARADISE

Paradise guideline value

The current guideline value of Paradise in Malayambakkam village is Rs 2,310 per sq.ft, effective from 1 July 2024. This area falls under the Kunrathur SRO and is classified as Residential Class III Type - II.

How the guideline value of Paradise has changed

The guideline value for Paradise has remained consistent at Rs 2,310 per sq.ft since the 2023 revision. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the 2024 revision shows a guideline value of Rs 2,310 per sq.ft, the same as the 2023 revision, indicating no change between these two years.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Paradise's 2024 figure above this median.

• Papa City: Rs 800 per sq.ft (2024)
• Pari Garden: Rs 935 per sq.ft (2024)
• Palla Street: Rs 880 per sq.ft (2024)
• Pattammal Nagar: Rs 2,200 per sq.ft (2024)
• Om Jai Sai Avenue: Rs 935 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Paradise

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total cost to Rs 2,07,900. 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?

The Sub Registrar Office that covers Paradise is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the agreed sale price, whichever is higher. This ensures that the government receives the appropriate taxes based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Paradise?

The current guideline value of Paradise in Malayambakkam village is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Paradise has remained at Rs 2,310 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Paradise?

Paradise is classified as Residential Class III Type - II, according to the guidelines set by the Kunrathur SRO.

What are the guideline values of other streets in Malayambakkam?

Other streets in Malayambakkam have varying guideline values, with rates ranging from Rs 450 to Rs 2,750 per sq.ft. The median value is Rs 935 per sq.ft, while Paradise's value is above this median.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles property registrations for the area, including Paradise.