Guideline Value for SRINIVASA PALMS

Srinivasa Palms guideline value

The current guideline value of Srinivasa Palms is Rs 1,500 per sq.ft. This property is located in Pattipulam village, under the Thiruporur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Srinivasa Palms has changed

The guideline value register has undergone several revisions over the years. The earliest recorded revision is from 2002, but there is no figure for this street in that year. Similarly, there are no figures for the years 2003, 2007, 2012, and 2017. The most recent revision is from 2023, which set the guideline value at Rs 1,500 per sq.ft.

In summary, the only available figure for the guideline value of Srinivasa Palms is from the 2023 revision, which is Rs 1,500 per sq.ft. There have been no changes in the guideline value between the revisions mentioned above, as the register does not provide figures for the intervening years.

Guideline values in Pattipulam

Currently, there are no specific village figures available for Pattipulam. Srinivasa Palms is the only street mentioned in the guideline value register for this area. Therefore, there are no other streets in Pattipulam under the Thiruporur SRO to list.

Stamp duty and registration fee for property in Srinivasa Palms

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty, calculated at 7%, would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration would be Rs 1,35,000. 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 Srinivasa Palms?

The Sub Registrar Office that covers Srinivasa Palms is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information on finding your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Srinivasa Palms. It serves as a benchmark for determining the appropriate stamp duty and registration fees that need to be paid. Buyers and sellers should be aware that the guideline value is used to assess the financial obligations associated with the property transaction.

When registering a property, the guideline value is compared with the sale price. The higher of the two values will be used to calculate the stamp duty and registration fees. This ensures that the transaction is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Srinivasa Palms?

The current guideline value of Srinivasa Palms is Rs 1,500 per sq.ft, as per the 2023 revision.

How often does the guideline value get revised?

The guideline value is revised periodically. The most recent revision for Srinivasa Palms was in 2023, and there are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Srinivasa Palms?

The land classification for Srinivasa Palms is Residential Special Type - III. This classification indicates the intended use of the land for residential purposes.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Srinivasa Palms?

Stamp duty for properties in Srinivasa Palms is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,500 per sq.ft would incur a total stamp duty of Rs 1,05,000, along with a registration fee of Rs 30,000.