Guideline Value for Serasa Orchid Srinivasa Palms-II @ Thirumazhisai

Serasa Orchid Srinivasa Palms-II @ Thirumazhisai guideline value

The current guideline value of Serasa Orchid Srinivasa Palms-II @ Thirumazhisai is Rs 2,300 per sq.ft, effective from 1 July 2024. This property is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Serasa Orchid Srinivasa Palms-II @ Thirumazhisai has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street. The 2023 revision recorded the guideline value at Rs 2,300 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 2,300 per sq.ft, reflecting a change of +0% from the previous year.

This consistency in the guideline value indicates stability in the pricing for Serasa Orchid Srinivasa Palms-II @ Thirumazhisai over the last two revisions. The current rate aligns with the residential classification and reflects the value of the property in the current market context.

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, with a median value of Rs 1,320 per sq.ft. The guideline value for Serasa Orchid Srinivasa Palms-II is above this median, indicating its relative position in the local market.

• Serasa Orchid Srinivasa Palms: Rs 1,900 per sq.ft (2024)
• Shree Balaji Nagar: Rs 1,440 per sq.ft (2024)
• Saravana Prasad Avenue: Rs 1,650 per sq.ft (2024)
• S.M. Nagar: Rs 1,320 per sq.ft (2024)
• Sreevari Gardens Annex: Rs 1,650 per sq.ft (2024)
• Sreevari Nagar Annex: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Serasa Orchid Srinivasa Palms-II @ Thirumazhisai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value amounts to Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, making the total cost for these fees Rs 2,07,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Serasa Orchid Srinivasa Palms-II @ Thirumazhisai?

The Sub Registrar Office that covers Serasa Orchid Srinivasa Palms-II @ Thirumazhisai is 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 in the registration process when buying or selling property in Thirumazhisai. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Serasa Orchid Srinivasa Palms-II?

The current guideline value of Serasa Orchid Srinivasa Palms-II @ Thirumazhisai is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Serasa Orchid Srinivasa Palms-II has remained at Rs 2,300 per sq.ft from 2023 to 2024. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017 for this street.

What are the other streets in Thirumazhisai with their guideline values?

Other streets in Thirumazhisai under the Poonamallee SRO include Serasa Orchid Srinivasa Palms at Rs 1,900 per sq.ft, Shree Balaji Nagar at Rs 1,440 per sq.ft, and Saravana Prasad Avenue at Rs 1,650 per sq.ft, among others.

How is the stamp duty calculated for properties in Thirumazhisai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 23,00,000, the stamp duty would be Rs 1,61,000 at 7%.

Where can I find the Sub Registrar Office for Serasa Orchid Srinivasa Palms-II?

The Sub Registrar Office covering Serasa Orchid Srinivasa Palms-II is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more information by visiting the relevant link.