Guideline Value for Crystal Garden Phase I

Crystal Garden Phase I guideline value

The current guideline value of Crystal Garden Phase I in Noombal village is Rs 1,760 per sq.ft, effective from 1 July 2024. This property falls under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Crystal Garden Phase I has changed

The guideline value for Crystal Garden Phase I has seen several revisions over the years. In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the 2023 figure.

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

Guideline values in Noombal

Noombal village has a range of guideline values across its 164 streets under the Kunrathur SRO, with figures ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for the village is Rs 2,090 per sq.ft, placing Crystal Garden Phase I's 2024 figure below this median.

• Devi Karumariyamman Nagar: Rs 1,980 per sq.ft (2024)
• Dhanalakshmi Enclave: Rs 4,290 per sq.ft (2024)
• Chettiyar Agaram Salai: Rs 2,090 per sq.ft (2024)
• Chellammal Nagar: Rs 2,090 per sq.ft (2024)
• Drowpathi Amman Koil Street: Rs 1,760 per sq.ft (2024)
• Brindavan Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Crystal Garden Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Crystal Garden Phase I?

The Sub Registrar Office that covers Crystal Garden Phase I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are paid based on the value set by the government. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Crystal Garden Phase I?

The current guideline value of Crystal Garden Phase I is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and further to Rs 1,760 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the median guideline value in Noombal?

The median guideline value in Noombal is Rs 2,090 per sq.ft, which is above the current guideline value of Crystal Garden Phase I.

What are the stamp duty and registration fees for properties in Crystal Garden Phase I?

For a plot of 1,000 sq.ft, the total guideline value is Rs 17,60,000. The stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.