Guideline Value for Seshadri Paradise

Seshadri Paradise guideline value

The current guideline value of Seshadri Paradise, located in Perungalathur village under the Padappai SRO, is Rs 2,640 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Seshadri Paradise has changed

The guideline value for Seshadri Paradise has seen several revisions over the years. In 2012, the value was set at Rs 2,400 per sq.ft. This figure decreased to Rs 1,608 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 2,400 per sq.ft. The most recent revision in 2024 has further raised the value to Rs 2,640 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Seshadri Paradise's 2024 figure above this median.

• Senthur Murugan Avenue: Rs 2,310 per sq.ft (2024)
• Senthil Nagar: Rs 2,310 per sq.ft (2024)
• Shansu Avenue: Rs 2,640 per sq.ft (2024)
• Shanthi Nagar: Rs 5,500 per sq.ft (2024)
• Selva Vinayakar Koli Street: Rs 2,640 per sq.ft (2024)
• Sharmila Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Seshadri Paradise

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total fees together to Rs 2,37,600. 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 Seshadri Paradise?

The Sub Registrar Office that covers Seshadri Paradise 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 Perungalathur

The guideline value is a critical factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the government collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Seshadri Paradise?

The current guideline value of Seshadri Paradise is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then increased to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,640 per sq.ft in 2024.

What is the land classification for Seshadri Paradise?

Seshadri Paradise falls under the Residential Class I Type - I land classification.

What are the stamp duty and registration fees for property in Seshadri Paradise?

For a 1,000 sq.ft plot, the total guideline value is Rs 26,40,000. The stamp duty would be Rs 1,84,800, and the registration fee would be Rs 52,800, totaling Rs 2,37,600.

Which office handles registrations for Seshadri Paradise?

The Padappai Sub Registrar Office handles registrations for Seshadri Paradise, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.