Guideline Value for SHOBHA GREEN PARK PHASE -3

Shobha Green Park Phase -3 guideline value

The current guideline value of Shobha Green Park Phase -3 is Rs 1,810 per sq.ft. This property is located in Pazhanthandalam village, under the Padappai SRO, and is classified as Residential Special Type - III.

How the guideline value of Shobha Green Park Phase -3 has changed

The guideline value for Shobha Green Park Phase -3 has seen significant changes over the years. The 2017 revision set the value at Rs 1,100 per sq.ft, which increased to Rs 1,642 per sq.ft in the 2023 revision. The current revision in 2024 has raised the value further to Rs 1,810 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pazhanthandalam

Pazhanthandalam village features 57 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Shobha Green Park Phase -3 above this median.

• Shoba Green Park (S.No.315/2B): Rs 1,200 per sq.ft (2024)
• Shridi Sai Nagar Extension IV: Rs 1,100 per sq.ft (2024)
• Shanmuga Nagar: Rs 770 per sq.ft (2024)
• Sivan Nagar: Rs 440 per sq.ft (2024)
• Solai Nagar: Rs 440 per sq.ft (2024)
• Sri Bhuvaneswari Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Shobha Green Park Phase -3

For a 1,000 sq.ft plot at the current guideline value of Rs 1,810 per sq.ft, the total guideline value amounts to Rs 18,10,000. The stamp duty at 7% would be Rs 1,26,700, and the registration fee at 2% would be Rs 36,200, bringing the total cost to Rs 1,62,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shobha Green Park Phase -3?

The Sub Registrar Office that covers Shobha Green Park Phase -3 is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pazhanthandalam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

Buyers and sellers must be aware that the guideline value is used to assess the official value of the property, which can impact the overall cost involved in the sale or purchase process.

Frequently asked questions

What is the current guideline value of Shobha Green Park Phase -3?

The current guideline value of Shobha Green Park Phase -3 is Rs 1,810 per sq.ft, effective from 1 July 2024.

How much has the guideline value increased since 2017?

Since the 2017 revision, the guideline value has increased by 65%, rising from Rs 1,100 per sq.ft to Rs 1,810 per sq.ft in 2024.

What is the median guideline value in Pazhanthandalam?

The median guideline value in Pazhanthandalam is Rs 1,100 per sq.ft, with Shobha Green Park Phase -3 being above this median at Rs 1,810 per sq.ft.

What are the stamp duty rates applicable for property in Shobha Green Park Phase -3?

The stamp duty for property in Shobha Green Park Phase -3 is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the registration office for Shobha Green Park Phase -3?

The registration office for Shobha Green Park Phase -3 is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.