Guideline Value for ALBIN GARDEN EXTENSION

Albin Garden Extension guideline value

The current guideline value of Albin Garden Extension is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Albin Garden Extension has changed

In the 2017 revision, the guideline value was Rs 1,407 per sq.ft. This figure increased significantly to Rs 2,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,310 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

There are 411 streets in Perungalathur under the Padappai SRO, with a 2024 guideline value range from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, which is equal to the current guideline value for Albin Garden Extension.

• Albin Garden: Rs 2,310 per sq.ft (2024)
• Albin Nagar: Rs 2,310 per sq.ft (2024)
• Alamelmangapuram: Rs 1,650 per sq.ft (2024)
• Akan Avenue Phase IV: Rs 2,800 per sq.ft (2024)
• Akan Avenue Phase III: Rs 2,800 per sq.ft (2024)
• Akan Avenue: Rs 1,770 per sq.ft (2024)

Stamp duty and registration fee for property in Albin Garden Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty, charged at 7%, would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total cost to Rs 2,07,900. It is 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 precise calculations.

Which Sub Registrar Office covers Albin Garden Extension?

The Sub Registrar Office that covers Albin Garden Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Perungalathur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for taxation purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Albin Garden Extension?

The current guideline value of Albin Garden Extension is Rs 2,310 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,310 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees in Albin Garden Extension?

For a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 and the registration fee would be Rs 46,200, totaling Rs 2,07,900.

Which Sub Registrar Office should I contact for Albin Garden Extension?

The Padappai Sub Registrar Office covers Albin Garden Extension, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What other streets have similar guideline values in Perungalathur?

Other streets in Perungalathur with similar guideline values include Albin Nagar and Albin Garden, both at Rs 2,310 per sq.ft in 2024.