Guideline Value for Srinivasa Palms @ S.P.Kovil -II

Srinivasa Palms @ S.P.Kovil -II guideline value

The current guideline value of Srinivasa Palms @ S.P.Kovil -II is Rs 1,500 per sq.ft. This property is located in Kolathur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Srinivasa Palms @ S.P.Kovil -II has changed

The guideline value for Srinivasa Palms @ S.P.Kovil -II has remained stable over the years, with the 2023 revision also set at Rs 1,500 per sq.ft. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 revision to the 2024 revision, there has been no change, maintaining the guideline value at Rs 1,500 per sq.ft. This indicates a consistent valuation for the property over the past two revisions.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that have a guideline value for 2024, ranging from Rs 500 to Rs 1,600 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Srinivasa Palms @ S.P.Kovil -II above this median.

• Srinivasa Palms @ S.P.Kovil: Rs 1,500 per sq.ft (2024)
• Sri Narsimman Nagar: Rs 600 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 600 per sq.ft (2024)
• Sri Dhivakar Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Avenue: Rs 600 per sq.ft (2024)
• Sree Selva Ganapathy Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Palms @ S.P.Kovil -II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Srinivasa Palms @ S.P.Kovil -II?

The Sub Registrar Office that covers Srinivasa Palms @ S.P.Kovil -II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kolathur, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark to assess the transaction's legitimacy. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Srinivasa Palms @ S.P.Kovil -II?

The current guideline value of Srinivasa Palms @ S.P.Kovil -II is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 1,500 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Srinivasa Palms @ S.P.Kovil -II?

The land classification for Srinivasa Palms @ S.P.Kovil -II is Residential Special Type - III, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for this property?

The Chengleput Joint II Sub Registrar Office covers Srinivasa Palms @ S.P.Kovil -II and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at the rate of 7%.