Guideline Value for Srinivasa Palms @ S.P.Kovil

Srinivasa Palms @ S.P.Kovil guideline value

The current guideline value of Srinivasa Palms @ S.P.Kovil is Rs 1,500 per sq.ft, effective from 1 July 2024. This property is located in Kolathur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

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

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

From the 2023 revision to the 2024 revision, there has been no change, with a percentage change of +0%. The guideline value has been stable, reflecting the same rate across these two years.

Guideline values in Kolathur

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

• Srinivasa Palms @ S.P.Kovil -II: 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

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 cost for these fees to Rs 1,35,000. It is important to note that the 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 details on calculating these fees.

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

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

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

The guideline value plays a crucial role in property transactions in Kolathur, as it is used to determine the stamp duty and registration fees during the sale or purchase of properties. When a property is registered, the guideline value is assessed to ensure that the correct fees are applied based on the property's worth.

Frequently asked questions

What is the current guideline value for Srinivasa Palms @ S.P.Kovil?

The current guideline value for Srinivasa Palms @ S.P.Kovil 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 unchanged at Rs 1,500 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

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

Srinivasa Palms @ S.P.Kovil is classified as Residential Special Type - III, which indicates its designated use within the local planning framework.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 1,500 per sq.ft, the total fees would amount to Rs 1,35,000.

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

The Chengleput Joint II Sub Registrar Office covers Srinivasa Palms @ S.P.Kovil and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.