Guideline Value for THE PALMS

The Palms guideline value

The current guideline value of The Palms in Kaaranai village, under the Thiruporur SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Commercial Class I Type - I.

How the guideline value of The Palms has changed

The guideline value of The Palms has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 1,500 per sq.ft again, marking a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kaaranai

As of now, there are no specific village figures provided for Kaaranai. The Palms is the only street mentioned under the Thiruporur SRO.

Stamp duty and registration fee for property in The Palms

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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, making the total Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers The Palms?

The Palms is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kaaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the registration department.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of The Palms?

The current guideline value of The Palms is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, before returning to Rs 1,500 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023.

What are the registration fees for property in The Palms?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers The Palms?

The Palms is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Kaaranai with guideline values?

Currently, there are no other streets in Kaaranai listed under the Thiruporur SRO with guideline values provided.