Guideline Value for Crystal Garden

Crystal Garden guideline value

The current guideline value of Crystal Garden in Kerugambakkam village is Rs 2,750 per sq.ft, effective from 1 July 2024. This property falls under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Crystal Garden has changed

The guideline value for Crystal Garden has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 2,750 per sq.ft, representing a 10% increase from the previous year.

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 years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the guideline value of Crystal Garden above this median.

• Chakkrapani Nagar Extn: Rs 2,200 per sq.ft (2024)
• Chakkrapani Nagar: Rs 2,750 per sq.ft (2024)
• Dr.Ambethkar Nagar: Rs 1,650 per sq.ft (2024)
• Dr.Ambethkar Street (ward 2): Rs 1,650 per sq.ft (2024)
• Dr.Ambethkar Street (ward 9): Rs 1,650 per sq.ft (2024)
• Dr.CHOWDAPPA NAGAR PHASE - II: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Crystal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Crystal Garden?

The Sub Registrar Office that covers Crystal 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 information.

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

The guideline value is a critical factor in the registration process of property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value impacts the stamp duty and registration fees that need to be paid. Buyers must be aware that these charges are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Crystal Garden?

The current guideline value of Crystal Garden is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking a total increase of 64% over the years.

What is the median guideline value in Kerugambakkam?

The median guideline value for streets in Kerugambakkam is Rs 2,200 per sq.ft, with Crystal Garden's value being above this median.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Crystal Garden located?

The Sub Registrar Office for Crystal Garden is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.