Guideline Value for choice Golden paradise

choice Golden paradise guideline value

The current guideline value for choice Golden paradise in Thirumazhisai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Poonamallee SRO and is classified as Commercial Special Type - I.

How the guideline value of choice Golden paradise has changed

The guideline value for choice Golden paradise has seen significant changes over the years. In 2002, the guideline value was Rs 39 per sq.ft, which increased to Rs 48 per sq.ft in 2003. Following that, the value rose to Rs 100 per sq.ft in 2007, marking a substantial increase of 108%. By 2012, the value had jumped to Rs 1,200 per sq.ft, reflecting a remarkable increase of 1,100%. However, there was a decrease to Rs 804 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 1,200 per sq.ft in 2023 before reaching the current figure of Rs 1,320 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 3,285%. The register has no figures for the years between these revisions for this street.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the current value for choice Golden paradise.

• C.R.Garden: Rs 2,475 per sq.ft (2024)
• Chakarapani Mudali Nagar: Rs 1,320 per sq.ft (2024)
• Bharathi nagar vistharippu: Rs 1,100 per sq.ft (2024)
• Bharathi nagar: Rs 1,100 per sq.ft (2024)
• Ellappan Nagar: Rs 1,320 per sq.ft (2024)
• Elumalai Mudaliar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in choice Golden paradise

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers choice Golden paradise?

The choice Golden paradise falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Thirumazhisai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. The registration office uses this value to ensure that the property is accurately assessed for taxation purposes.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for choice Golden paradise?

The current guideline value for choice Golden paradise is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 39 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 3,285% over this period.

What is the land classification for choice Golden paradise?

choice Golden paradise is classified as Commercial Special Type - I under the current land classification.

Where can I find the Sub Registrar Office for choice Golden paradise?

The Sub Registrar Office covering choice Golden paradise is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in Thirumazhisai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be calculated at 7% of that amount.