Guideline Value for Albin Garden

Albin Garden guideline value

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

How the guideline value of Albin Garden has changed

The guideline value for Albin Garden has seen several revisions over the years. In 2007, the value was set at Rs 310 per sq.ft, which significantly increased to Rs 2,100 per sq.ft in 2012, marking a remarkable rise of 577%. However, this value decreased to Rs 1,407 per sq.ft in 2017, reflecting a decline of 33%. The next revision in 2023 brought the value back up to Rs 2,100 per sq.ft, and the most recent revision in 2024 set the current guideline value at Rs 2,310 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 645%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging 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 the same as the guideline value for Albin Garden. Below are other streets in Perungalathur:

• Albin Garden Extension: 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

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 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Albin Garden?

The Sub Registrar Office that covers Albin Garden 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is registered, the guideline value is used to assess the applicable charges. This ensures that all transactions are conducted transparently and fairly, reflecting the current market conditions as per the official guidelines.

Frequently asked questions

What is the current guideline value of Albin Garden?

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

How has the guideline value changed over the years?

The guideline value has undergone several changes, increasing from Rs 310 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, which is an overall increase of 645%.

What are the stamp duty rates for properties in Albin Garden?

The stamp duty rate for properties in Albin Garden is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Albin Garden?

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

Where can I find more information about guideline values in Perungalathur?

More information about guideline values in Perungalathur can be found in the registration department's guideline value register or by visiting the relevant links provided for other streets in the area.