Guideline Value for PARENTS PARADISE

Parents Paradise guideline value

The current guideline value for Parents Paradise in Thamaraikuppam village, under the Oothukkottai SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Parents Paradise has changed

The guideline value for Parents Paradise has seen several revisions over the years. Starting from the 2012 revision, the guideline value was Rs 60 per sq.ft. This increased to Rs 40 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, it rose significantly to Rs 100 per sq.ft, reflecting an increase of 150%. The current rate of Rs 100 per sq.ft has remained unchanged since the 2023 revision.

Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thamaraikuppam

Currently, there are no specific village figures available for Thamaraikuppam. Parents Paradise is situated within this area, which is under the jurisdiction of the Oothukkottai SRO.

Stamp duty and registration fee for property in Parents Paradise

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, resulting in Rs 7,000, while the registration fee is charged at 2%, amounting to Rs 2,000. Therefore, the total cost for duty and registration fees would be Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parents Paradise?

The Sub Registrar Office that covers Parents Paradise is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. For more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thamaraikuppam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration of property transactions.

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

Frequently asked questions

What is the current guideline value for Parents Paradise?

The current guideline value for Parents Paradise is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, with a notable increase of 150% from 2017 to 2023.

What are the stamp duty and registration fees for a property in Parents Paradise?

For a property valued at Rs 1,00,000, the stamp duty is Rs 7,000 and the registration fee is Rs 2,000, totaling Rs 9,000.

Which Sub Registrar Office covers Parents Paradise?

The Oothukkottai Sub Registrar Office covers Parents Paradise, located near the government hospital in Uthukottai, Chennai 602026.

Are there any other streets in Thamaraikuppam with guideline values?

Currently, there are no other streets in Thamaraikuppam listed with guideline values in the register.