Guideline Value for SHANTHI TERRAINS

Shanthi Terrains guideline value

The current guideline value of Shanthi Terrains is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Paleripattu village under the Avadi Sub Registrar Office (SRO), with a land classification of Mixed Type - III.

How the guideline value of Shanthi Terrains has changed

The guideline value for Shanthi Terrains has seen a few revisions over the years. In the 2017 revision, the value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2023 revision, where it was again Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 10%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft in the 2024 revision. The median value for these streets is Rs 990 per sq.ft, placing Shanthi Terrains above this median.

• Selva Nagar: Rs 990 per sq.ft (2024)
• Sekkadu Main Road: Rs 990 per sq.ft (2024)
• Seethakathi St: Rs 990 per sq.ft (2024)
• Sathiyamurthy St: Rs 990 per sq.ft (2024)
• Sargunam St: Rs 990 per sq.ft (2024)
• Sapthagiri Nagar & Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Terrains

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your specific fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthi Terrains?

The Sub Registrar Office that covers Shanthi Terrains is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Paleripattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are properly documented and taxed according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Shanthi Terrains?

The current guideline value of Shanthi Terrains is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There were no changes recorded for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Paleripattu?

The median guideline value for the 111 streets in Paleripattu is Rs 990 per sq.ft. Shanthi Terrains is above this median value.

What are the stamp duty and registration fees for property in Shanthi Terrains?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Shanthi Terrains?

The Avadi Sub Registrar Office handles the registration for Shanthi Terrains, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.