Guideline Value for serasa orchid srinivasa palms

Serasa Orchid Srinivasa Palms guideline value

The current guideline value of Serasa Orchid Srinivasa Palms is Rs 1,900 per sq.ft, effective from 1 July 2024. This property is located in Thirumazhisai village under the Poonamallee SRO and is classified as Mixed Type - I land.

How the guideline value of Serasa Orchid Srinivasa Palms has changed

The guideline value for Serasa Orchid Srinivasa Palms has remained consistent over several revisions. In the 2017 revision, the guideline value was set at Rs 1,900 per sq.ft, which continued unchanged in the 2023 revision. The 2024 revision also maintains this figure at Rs 1,900 per sq.ft, showing no change from the previous years.

There are no registered figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has seen no increase, remaining stable at Rs 1,900 per sq.ft throughout this period.

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, with a median value of Rs 1,320 per sq.ft. The guideline value of Serasa Orchid Srinivasa Palms is above this median.

• Serasa Orchid Srinivasa Palms-II: Rs 2,300 per sq.ft (2024)
• Shree Balaji Nagar: Rs 1,440 per sq.ft (2024)
• Saravana Prasad Avenue: Rs 1,650 per sq.ft (2024)
• S.M. Nagar: Rs 1,320 per sq.ft (2024)
• Sreevari Gardens Annex: Rs 1,650 per sq.ft (2024)
• Sreevari Nagar Annex: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Serasa Orchid Srinivasa Palms

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total Rs 1,71,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Serasa Orchid Srinivasa Palms?

The Sub Registrar Office that covers Serasa Orchid Srinivasa Palms is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more details, you can find your SRO.

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

The guideline value is crucial when registering a property in Thirumazhisai, as it determines the minimum value at which a property can be sold. This value is used to calculate stamp duty and registration fees, which are mandatory costs during the property transaction process.

When buying or selling property, it's essential to be aware of the guideline value, as it affects the overall financial obligations involved in the transaction. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Serasa Orchid Srinivasa Palms?

The current guideline value of Serasa Orchid Srinivasa Palms is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,900 per sq.ft since the 2017 revision and has not changed through the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Serasa Orchid Srinivasa Palms?

Serasa Orchid Srinivasa Palms is classified as Mixed Type - I land. This classification can influence the type of development allowed in the area.

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

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Serasa Orchid Srinivasa Palms is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office handles all registration processes for properties in this locality.