Guideline Value for C.P. GARDEN

C.P. Garden guideline value

The current guideline value of C.P. Garden is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Tharapakkam village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of C.P. Garden has changed

The guideline value for C.P. Garden has seen several revisions over the years. The 2017 revision set the rate at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 990 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The increase from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023 represents a significant change of 49%.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,000 per sq.ft, with the median being Rs 1,100 per sq.ft. C.P. Garden's 2024 guideline value of Rs 990 per sq.ft is below this median.

• Doctors Chennapatnam: Rs 4,269 per sq.ft (2024)
• E.V.P Town: Rs 1,100 per sq.ft (2024)
• Evp Town Phase - II: Rs 3,450 per sq.ft (2024)
• Gandhi Salai (ward 3): Rs 1,100 per sq.ft (2024)
• Gandhi Salai (ward 4): Rs 1,100 per sq.ft (2024)
• Gayathri Nagar Annex: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in C.P. Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees together to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.P. Garden?

The Sub Registrar Office that covers C.P. Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Tharapakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standardized value set by the government.

When buying or selling property, the guideline value helps to establish a fair basis for the transaction, as it reflects the official valuation of the property. This value is essential for both buyers and sellers to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of C.P. Garden?

The current guideline value of C.P. Garden is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 603 per sq.ft to Rs 990 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for C.P. Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office handles registrations for C.P. Garden?

The Pammal Sub Registrar Office is responsible for handling registrations for C.P. Garden, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of C.P. Garden?

C.P. Garden is classified as Residential Class II Type - I, which indicates its designation for residential use within the area.