Guideline Value for BUCKINGHAM GARDENS

Buckingham Gardens guideline value

The current guideline value of Buckingham Gardens is Rs 4,000 per sq.ft, as per the 2023 revision. This area is located in Muttukadu village under the Thiruporur SRO, and the land classification is Mixed Type - I.

How the guideline value of Buckingham Gardens has changed

The guideline value of Buckingham Gardens has undergone several revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street in it for that year or for 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 2,680 per sq.ft, which was a significant figure at that time.

In the 2023 revision, the guideline value increased to Rs 4,000 per sq.ft, marking a change of +49% from the 2017 figure. This increase reflects the most recent update, as there is no figure available for the 2024 revision for this street.

Guideline values in Muttukadu

Currently, there are no specific village figures provided for Muttukadu. Buckingham Gardens is one of the streets under the Thiruporur SRO. Below is a list of other streets in Muttukadu:

Stamp duty and registration fee for property in Buckingham Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, while the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. 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 Buckingham Gardens?

The Buckingham Gardens area falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Muttukadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with the legal requirements.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Buckingham Gardens?

The current guideline value of Buckingham Gardens is Rs 4,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,680 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2023, representing a change of +49%.

Are there any guideline values for Buckingham Gardens in previous years?

The register has no figure for Buckingham Gardens for the years 2002, 2003, 2007, and 2012. The only available figures are from 2017 and 2023.

What are the stamp duty and registration fees for properties in Buckingham Gardens?

For a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 and the registration fee would be Rs 80,000, totaling Rs 3,60,000.

Where is the Sub Registrar Office for Buckingham Gardens located?

The Sub Registrar Office for Buckingham Gardens is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.