Guideline Value for Sri Palathamman Garden

Sri Palathamman Garden guideline value

The current guideline value of Sri Palathamman Garden is Rs 220 per sq.ft, effective from 1 July 2024. This property is located in Perungavur village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Palathamman Garden has changed

The guideline value for Sri Palathamman Garden has seen several revisions over the years. In 2003, the value was Rs 12 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2007, marking a 733% rise. The value then doubled to Rs 200 per sq.ft in 2012, but dropped by 33% to Rs 134 per sq.ft in 2017. Following this, the value rose to Rs 200 per sq.ft in 2023, and finally reached Rs 220 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1733%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value is Rs 275 per sq.ft, placing Sri Palathamman Garden below this median.

• Sri Sai Nagar: Rs 275 per sq.ft (2024)
• Sri Sainagar @ Gomathi Amman Nagar Phase - II: Rs 275 per sq.ft (2024)
• Sri Lakshmi Nagar Annex: Rs 385 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 385 per sq.ft (2024)
• Sri Selva Vigneshwar Nagar: Rs 385 per sq.ft (2024)
• Sri Krishna Nagar: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Palathamman Garden

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Palathamman Garden?

The Sub Registrar Office that covers Sri Palathamman Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

Additionally, the guideline value helps in maintaining transparency in property transactions, as it reflects the government's assessment of property values in the area. Buyers and sellers should always refer to the latest guideline values to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Sri Palathamman Garden?

The current guideline value of Sri Palathamman Garden is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 1733% over the years.

What is the median guideline value in Perungavur?

The median guideline value in Perungavur is Rs 275 per sq.ft, which is above the current guideline value of Sri Palathamman Garden.

What are the stamp duty and registration fees for property in Sri Palathamman Garden?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 19,800, based on the current guideline value of Rs 220 per sq.ft.

Where is the Sub Registrar Office for Sri Palathamman Garden located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.