Guideline Value for PLATINAM HOLDINGS

Platinam Holdings guideline value

The current guideline value of Platinam Holdings is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class IV Type - II.

How the guideline value of Platinam Holdings has changed

Over the years, the guideline value of Platinam Holdings has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,100 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 reflects a 10% increase, indicating a gradual adjustment in the guideline value over the years.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, placing Platinam Holdings' 2024 figure below this median.

• Pondichery Pattai: Rs 3,300 per sq.ft (2024)
• Pondichery Pattai Road: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Prasanna Garden: Rs 3,900 per sq.ft (2024)
• Pridivraj Garden: Rs 1,000 per sq.ft (2024)
• Prim Liberty Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Platinam Holdings

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Platinam Holdings?

The Sub Registrar Office that covers Platinam Holdings is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chemmancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Platinam Holdings?

The current guideline value of Platinam Holdings is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Platinam Holdings?

Platinam Holdings is classified as Residential Class IV Type - II under the Neelankarai SRO.

What are the stamp duty and registration fees for a property in Platinam Holdings?

The stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total cost would be Rs 99,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.