Guideline Value for SRINIVASA PALMS @ PERUMALTHANGAL

Srinivasa Palms @ Perumalthangal guideline value

The current guideline value for Srinivasa Palms @ Perumalthangal is Rs 1,500 per sq.ft, effective from 1 July 2024. This property is located in Perumanthangal village under the Chengleput Joint II SRO, classified as Mixed Type - I.

How the guideline value of Srinivasa Palms @ Perumalthangal has changed

The guideline value for Srinivasa Palms @ Perumalthangal has remained consistent at Rs 1,500 per sq.ft since the 2023 revision. Prior to that, the register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value did not change from the 2023 figure, indicating a stability in the valuation for this property. The 2024 revision reflects the same rate as the previous year, showing no percentage increase or decrease.

Guideline values in Perumanthangal

In Perumanthangal, there are four streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,500 per sq.ft. The median value for these streets is Rs 900 per sq.ft, placing Srinivasa Palms above this median.

• Sri Padmavathy Nagar: Rs 300 per sq.ft (2024)
• Royal Garden: Rs 300 per sq.ft (2024)
• Annai Padmavathi Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Palms @ Perumalthangal

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Palms @ Perumalthangal?

The Sub Registrar Office covering Srinivasa Palms @ Perumalthangal is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Perumanthangal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, as the values are set by the Registration Department.

Frequently asked questions

What is the current guideline value for Srinivasa Palms @ Perumalthangal?

The current guideline value for Srinivasa Palms @ Perumalthangal is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Perumanthangal?

The median guideline value for the streets in Perumanthangal is Rs 900 per sq.ft, with Srinivasa Palms being valued above this median at Rs 1,500 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where is the Sub Registrar Office for Srinivasa Palms located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.