Guideline Value for A.R.GARDEN

A.R.Garden guideline value

The current guideline value of A.R.Garden is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Medur village under the Ponneri Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

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

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure remained unchanged at Rs 200 per sq.ft in the 2023 revision and continued to be Rs 200 per sq.ft in the 2024 revision, indicating a 49% increase from 2017 to 2023. The guideline value from 2023 to 2024 experienced no change, remaining at Rs 200 per sq.ft.

The register has no figure for A.R.Garden for the years 2002, 2003, 2007, and 2012. Overall, the guideline value has increased by 49% from 2017 to 2024.

Guideline values in Medur

In Medur, there are six streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft, with a median value of Rs 225 per sq.ft. A.R.Garden's current guideline value is below this median.

• Lucky Star City: Rs 250 per sq.ft (2024)
• Mani Naidu Garden: Rs 450 per sq.ft (2024)
• New Bhairavi Garden: Rs 200 per sq.ft (2024)
• Royal Green city Phase -III: Rs 200 per sq.ft (2024)
• Thirumagal Nagar: Rs 250 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 information.

Which Sub Registrar Office covers A.R.Garden?

A.R.Garden falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Medur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone. This helps maintain transparency in property transactions.

Frequently asked questions

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

The current guideline value of A.R.Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall from 2017 to 2024.

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

A.R.Garden is classified as Residential Class II Type - I, indicating its designation for residential purposes.

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

The Sub Registrar Office covering A.R.Garden is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total guideline value of Rs 2,00,000, with stamp duty and registration fees amounting to Rs 18,000.