Guideline Value for Shoba Green Park (S.No.315/2B)

Shoba Green Park (S.No.315/2B) guideline value

The current guideline value of Shoba Green Park (S.No.315/2B) is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Pazhanthandalam village, under the Padappai SRO, and is classified as Mixed Type - II.

How the guideline value of Shoba Green Park (S.No.315/2B) has changed

The guideline value for Shoba Green Park has undergone several revisions over the years. In 2012, the guideline value was Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,100 per sq.ft. The most recent revision in 2024 saw another increase of 9%, setting the current value at Rs 1,200 per sq.ft.

It is important to note that the register has no figures for this street in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Pazhanthandalam

In Pazhanthandalam, there are 57 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,980 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Shoba Green Park (S.No.315/2B) is above this median.

• Shobha Green Park Phase -3: Rs 1,810 per sq.ft (2024)
• Shridi Sai Nagar Extension IV: Rs 1,100 per sq.ft (2024)
• Shanmuga Nagar: Rs 770 per sq.ft (2024)
• Sivan Nagar: Rs 440 per sq.ft (2024)
• Solai Nagar: Rs 440 per sq.ft (2024)
• Sri Bhuvaneswari Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Shoba Green Park (S.No.315/2B)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 detailed calculations.

Which Sub Registrar Office covers Shoba Green Park (S.No.315/2B)?

The Sub Registrar Office that covers Shoba Green Park (S.No.315/2B) 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 Pazhanthandalam

The guideline value is a crucial factor in the registration of property transactions in Pazhanthandalam. It determines the minimum price at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Shoba Green Park (S.No.315/2B)?

The current guideline value of Shoba Green Park (S.No.315/2B) is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012, decreased to Rs 737 per sq.ft in 2017, increased to Rs 1,100 per sq.ft in 2023, and is currently Rs 1,200 per sq.ft in 2024.

What is the land classification of Shoba Green Park (S.No.315/2B)?

Shoba Green Park (S.No.315/2B) is classified as Mixed Type - II.

What are the stamp duty and registration fees for property in Shoba Green Park?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office covers this area?

The Padappai Sub Registrar Office covers Shoba Green Park (S.No.315/2B), located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.