Guideline Value for A.J Garden

A.J Garden guideline value

The current guideline value of A.J Garden, located in Molachoor village under the Sunguvarchattram SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of A.J Garden has changed

The guideline value of A.J Garden has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly by 500% to Rs 600 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 402 per sq.ft. The value then rose by 49% to Rs 600 per sq.ft in the 2023 revision, and it remained unchanged at Rs 600 per sq.ft in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 reflects a 500% increase in the guideline value.

Guideline values in Molachoor

Within Molachoor village, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which matches the current value of A.J Garden.

• A.J Nagar: Rs 600 per sq.ft (2024)
• Alphonse Avenue: Rs 605 per sq.ft (2024)
• Amavasai Pattai: Rs 450 per sq.ft (2024)
• Aachariyar Street: Rs 600 per sq.ft (2024)
• Anandam Kabaleeswarar Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Angalamman Kovil Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in A.J Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. Please note that the 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 further calculations.

Which Sub Registrar Office covers A.J Garden?

The Sub Registrar Office that covers A.J Garden is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Molachoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid during the transaction.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transactions in Molachoor.

Frequently asked questions

What is the current guideline value for A.J Garden?

The current guideline value for A.J Garden is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, before returning to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for A.J Garden?

The land classification for A.J Garden is Residential Special Type - III.

Where can I find the Sub Registrar Office for A.J Garden?

The Sub Registrar Office for A.J Garden is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in A.J Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.