Guideline Value for THAI GARDEN

Thai Garden guideline value

The current guideline value of Thai Garden, located in Paravallur village under the Ponneri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Thai Garden has changed

The guideline value for Thai Garden has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 268 per sq.ft. This figure increased to Rs 400 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, reflecting a total increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision showed no change, maintaining the guideline value at Rs 400 per sq.ft.

Guideline values in Paravallur

In Paravallur, three streets under the Ponneri SRO have a guideline value for 2024 that ranges from Rs 250 to Rs 400 per sq.ft, with a median of Rs 400 per sq.ft. Thai Garden's guideline value aligns with this median.

• Tamil Nagar: Rs 250 per sq.ft (2024)
• Ghanta Green Park: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thai Garden?

The Thai Garden area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Paravallur, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties. It is essential for both parties in a transaction to be aware of the guideline value to avoid any discrepancies during the registration.

Frequently asked questions

What is the current guideline value of Thai Garden?

The current guideline value of Thai Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 268 per sq.ft to Rs 400 per sq.ft as of 2024.

Are there any years without a guideline value for Thai Garden?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Thai Garden.

What are the stamp duty and registration fees for a property in Thai Garden?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles registrations for Thai Garden?

The Ponneri Sub Registrar Office handles registrations for Thai Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.