Guideline Value for Sai Golden Paradise Extension

Sai Golden Paradise Extension guideline value

The current guideline value of Sai Golden Paradise Extension is Rs 1,440 per sq.ft, effective from 1 July 2024. This property is located in Thirumazhisai village, under the Poonamallee SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Sai Golden Paradise Extension has changed

In the 2017 revision, the guideline value was Rs 871 per sq.ft. This figure increased significantly to Rs 1,310 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 saw the value increase further to Rs 1,440 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 65%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, making the 2024 figure for Sai Golden Paradise Extension above that median.

• Sai Avenue: Rs 1,550 per sq.ft (2024)
• Sai's Golden Paradise Extn: Rs 1,650 per sq.ft (2024)
• R.M.R.Enclave: Rs 1,320 per sq.ft (2024)
• Ranjith Maharaj Enclave: Rs 1,550 per sq.ft (2024)
• Saravana Prasad Avenue: Rs 1,650 per sq.ft (2024)
• Ramachandra nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Golden Paradise Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,440 per sq.ft, the total guideline value amounts to Rs 14,40,000. The stamp duty, charged at 7%, would be Rs 1,00,800, while the registration fee at 2% would be Rs 28,800. Together, these fees total Rs 1,29,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Golden Paradise Extension?

The Sai Golden Paradise Extension is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thirumazhisai. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the transaction reflects a fair value for taxation purposes.

Frequently asked questions

What is the current guideline value of Sai Golden Paradise Extension?

The current guideline value of Sai Golden Paradise Extension is Rs 1,440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 871 per sq.ft in 2017 to Rs 1,310 per sq.ft in 2023, and then to Rs 1,440 per sq.ft in 2024. This represents a total increase of 65% from 2017 to 2024.

What is the land classification for Sai Golden Paradise Extension?

Sai Golden Paradise Extension is classified under Residential Class II Type - II. This classification impacts the guideline value and usage of the land.

Where can I find the registration office for Sai Golden Paradise Extension?

The registration office for Sai Golden Paradise Extension is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,29,600.