Guideline Value for Palm Beach

Palm Beach guideline value

The current guideline value of Palm Beach is Rs 1,500 per sq.ft. This property is located in Kovalam village, under the Thiruporur SRO, and is classified as Residential Special Type - I.

How the guideline value of Palm Beach has changed

Looking at the revisions of the guideline value, the most recent update in 2023 set the value at Rs 1,500 per sq.ft. Prior to this, the 2017 revision recorded a guideline value of Rs 1,005 per sq.ft, showing a significant increase of 49% from 2017 to 2023. The 2012 revision also listed the value at Rs 1,500 per sq.ft, but this marked a decrease of 33% from the previous 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kovalam

Currently, there are no specific guideline values provided for other streets in Kovalam. The only available guideline value for Palm Beach is Rs 1,500 per sq.ft.

Stamp duty and registration fee for property in Palm Beach

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would amount to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Please note that the 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 Palm Beach?

The Palm Beach area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kovalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Palm Beach?

The current guideline value of Palm Beach is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, before rising back to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for property in Palm Beach?

The stamp duty rate for property in Palm Beach is 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

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

Are there other streets in Kovalam with guideline values?

Currently, there are no specific guideline values provided for other streets in Kovalam; the only available value is for Palm Beach.