Guideline Value for A.R.GARDEN

A.R.Garden guideline value

The current guideline value of A.R.Garden in Maiyur village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of A.R.Garden has changed

The guideline value for A.R.Garden has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision marked a significant change, lowering the value to Rs 268 per sq.ft, a decrease of 33% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the value increased by 49%, bringing it back to Rs 400 per sq.ft. The most recent 2024 revision has maintained this value, reflecting no change from the previous year. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Maiyur

In Maiyur village, there are 28 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft. The median value is Rs 400 per sq.ft, which aligns with the guideline value of A.R.Garden.

• Aspire City: Rs 500 per sq.ft (2024)
• Annai Terasa Nagar: Rs 500 per sq.ft (2024)
• Golden Palar Gardens: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Green Park Avenue: Rs 400 per sq.ft (2024)
• Hariyagrivar Nagar: Rs 400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would amount to Rs 8,000. Together, the total cost for stamp duty and registration would be 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 A.R.Garden?

A.R.Garden is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the 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 Maiyur

The guideline value plays a crucial role during the registration of property transactions in Maiyur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value ensures that the transaction is recorded at a fair and standardized rate.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of A.R.Garden?

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

How has the guideline value changed over the years?

The guideline value has remained Rs 400 per sq.ft since 2012, with significant changes occurring in the 2017 revision when it dropped to Rs 268 per sq.ft, and then increased back to Rs 400 per sq.ft in 2023.

What is the land classification of A.R.Garden?

A.R.Garden is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the SRO link.

How is stamp duty calculated for properties in A.R.Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.