Guideline Value for SERENITY PARADISE

Serenity Paradise guideline value

The current guideline value of Serenity Paradise in Thiruvancheri village is Rs 3,850 per sq.ft, effective from 1 July 2024. This property falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Special Type - III.

How the guideline value of Serenity Paradise has changed

The guideline value for Serenity Paradise has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which is an increase from the 2023 figure of Rs 3,500 per sq.ft. This change represents a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Prior to the 2023 revision, the last known figures were not available for Serenity Paradise. The 2023 revision marked a significant update, as it was the first revision in recent years that provided a guideline value for this street.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft, with a median value of Rs 1,980 per sq.ft. Serenity Paradise's current guideline value is above this median.

• Serasa Pride Phase - III: Rs 3,850 per sq.ft (2024)
• Serasa Pride Phase - 2: Rs 3,850 per sq.ft (2024)
• Selvavinayagar Kovil Street: Rs 1,980 per sq.ft (2024)
• Sathiyamoorthy Nagar: Rs 1,980 per sq.ft (2024)
• Sathish Avenue Phase I: Rs 2,530 per sq.ft (2024)
• Siva Shanmuga Pillai Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Serenity Paradise

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Serenity Paradise?

The Serenity Paradise property is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Thiruvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, affecting the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Serenity Paradise?

The current guideline value of Serenity Paradise is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values of other streets in Thiruvancheri?

Other streets in Thiruvancheri have varying guideline values, ranging from Rs 1,100 to Rs 5,000 per sq.ft. Serenity Paradise's value is above the median of Rs 1,980 per sq.ft for the area.

What fees are associated with buying property in Serenity Paradise?

When purchasing property in Serenity Paradise, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 3,46,500.

Where is the Sub Registrar Office for Serenity Paradise located?

The Pallavaram Sub Registrar Office, which covers Serenity Paradise, is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.