Guideline Value for ADITI GARDENCE

Aditi Gardence guideline value

The current guideline value of Aditi Gardence is Rs 400 per sq.ft as per the 2024 revision, effective from 1 July 2024. This property is located in Venkatapuram village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Aditi Gardence has changed

Over the years, the guideline value for Aditi Gardence has seen various revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was recorded at Rs 268 per sq.ft. The 2023 revision brought the value back to Rs 400 per sq.ft, maintaining this rate in the 2024 revision as well, showing a 49% increase from 2017 to 2023. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change is 0%, indicating that the value has remained stable over this period. The comparison shows that while there was a drop from 2012 to 2017, the value has recovered to its previous level in the following revisions.

Guideline values in Venkatapuram

In Venkatapuram, there are 29 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is also the current guideline value for Aditi Gardence.

• Azhagiri Nagar: Rs 500 per sq.ft (2024)
• Divya Nagar: Rs 400 per sq.ft (2024)
• Ezhil Nagar: Rs 500 per sq.ft (2024)
• Ganapathy Nagar Colony: Rs 400 per sq.ft (2024)
• Ganapathy Syndicate: Rs 400 per sq.ft (2024)
• Kaveri Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Aditi Gardence

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Aditi Gardence?

Aditi Gardence falls under the jurisdiction of 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 the find your SRO page.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Venkatapuram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Aditi Gardence?

The current guideline value of Aditi Gardence is Rs 400 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2012 revision, with a notable increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

What are the stamp duty and registration fees for property in Aditi Gardence?

For a property valued at Rs 4,00,000, the stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Aditi Gardence?

Aditi Gardence is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Aditi Gardence?

Aditi Gardence is classified as Residential Class I Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.