Guideline Value for Please Plantations and Hills Resorts

Please Plantations and Hills Resorts guideline value

The current guideline value of Please Plantations and Hills Resorts is Rs 181 per sq.ft, effective from 1 July 2024. This property is located in Padichery village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Please Plantations and Hills Resorts has changed

Looking at the historical revisions, the guideline value for Please Plantations and Hills Resorts was Rs 180 per sq.ft in 2012. This figure decreased to Rs 121 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, bringing it back to Rs 181 per sq.ft, where it remained unchanged in the subsequent 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, we only have the revision figures from 2012, 2017, 2023, and 2024 to consider, with the overall change from 2012 to 2024 being a modest increase of 1%.

Guideline values in Padichery

In Padichery, there are 8 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 181 to Rs 1,350 per sq.ft. The median guideline value for these streets is Rs 191 per sq.ft, indicating that the guideline value for Please Plantations and Hills Resorts is below this median.

• Periyar Street: Rs 181 per sq.ft (2024)
• K.S.K Nagar: Rs 200 per sq.ft (2024)
• Kamarajar Street: Rs 181 per sq.ft (2024)
• Jeevan sakthi Teak Farms: Rs 181 per sq.ft (2024)
• Udaiyar Avenue: Rs 250 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Please Plantations and Hills Resorts

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty, charged at 7%, would amount to Rs 12,670, and the registration fee at 2% would be Rs 3,620, bringing the total cost to Rs 16,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Please Plantations and Hills Resorts?

The Please Plantations and Hills Resorts property falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Padichery. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transfers.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. Buyers and sellers need to be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Please Plantations and Hills Resorts?

The current guideline value for Please Plantations and Hills Resorts is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increasing to Rs 181 per sq.ft in both 2023 and 2024.

What is the land classification for Please Plantations and Hills Resorts?

Please Plantations and Hills Resorts is classified as Residential Class II Type - I.

Where is the Sunguvarchattram Sub Registrar Office located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Padichery?

The stamp duty for properties in Padichery is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,81,000, the stamp duty would be Rs 12,670 at a rate of 7%.