Guideline Value for Palm Springs Phase-II

Palm Springs Phase-II guideline value

The current guideline value of Palm Springs Phase-II in Sirucheri village, under the Thiruporur SRO, is Rs 1,005 per sq.ft as per the 2023 revision. The land classification for this area is Mixed Type - I.

How the guideline value of Palm Springs Phase-II has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Palm Springs Phase-II. The most recent revision in 2023 set the guideline value at Rs 1,005 per sq.ft, with no changes noted between the revisions.

As of now, the only available figure is from the 2023 revision, which shows a consistent guideline value since there were no other revisions with figures for this street. This indicates stability in the guideline value for Palm Springs Phase-II during this period.

Guideline values in Sirucheri

Currently, there are no specific village figures provided for Sirucheri. Palm Springs Phase-II is one of the streets under the Thiruporur SRO. Unfortunately, there are no other streets in Sirucheri listed with guideline values.

Stamp duty and registration fee for property in Palm Springs Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value amounts to Rs 10,05,000. The stamp duty at 7% would be Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total charges to Rs 90,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Palm Springs Phase-II?

The Sub Registrar Office that covers Palm Springs Phase-II is 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 Sirucheri

The guideline value is a crucial factor in the registration process when buying or selling property in Sirucheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. 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 of Palm Springs Phase-II?

The current guideline value of Palm Springs Phase-II is Rs 1,005 per sq.ft, as per the 2023 revision.

What is the land classification for Palm Springs Phase-II?

The land classification for Palm Springs Phase-II is Mixed Type - I.

How has the guideline value changed over the years?

There have been no figures available for the guideline value of Palm Springs Phase-II in the revisions for the years 2002, 2003, 2007, 2012, and 2017. The only available figure is from the 2023 revision, which is Rs 1,005 per sq.ft.

What are the stamp duty and registration fees for property in Palm Springs Phase-II?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 90,450, calculated based on the guideline value of Rs 10,05,000.

Where is the Sub Registrar Office for Palm Springs Phase-II located?

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