Guideline Value for DAFFODIL GARDEN

Daffodil Garden guideline value

The current guideline value for Daffodil Garden in Sembulivaram village, under the Redhills SRO, is Rs 1,210 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Daffodil Garden has changed

The guideline value for Daffodil Garden has seen several revisions over the years. In 2012, the value was Rs 1,100 per sq.ft, which then dropped to Rs 737 per sq.ft in 2017. This was followed by a significant increase to Rs 1,100 per sq.ft in 2023, and then a further increase to the current value of Rs 1,210 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% rise. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sembulivaram

In Sembulivaram, there are 16 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 1,210 per sq.ft. Daffodil Garden's 2024 guideline value matches this median.

• Chengalamman Nagar: Rs 1,650 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,210 per sq.ft (2024)
• Gnt Road: Rs 1,650 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,210 per sq.ft (2024)
• Azhagathamman Street: Rs 1,210 per sq.ft (2024)
• Azhagathamman Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Daffodil Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Daffodil Garden?

The Sub Registrar Office that covers Daffodil Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sembulivaram. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these charges are applied fairly based on the property's value.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Daffodil Garden?

The current guideline value of Daffodil Garden is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification for Daffodil Garden?

Daffodil Garden falls under the Residential Class I Type - I land classification, which is designated for residential purposes.

What are the stamp duty and registration fees for property in Daffodil Garden?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which office handles registrations for Daffodil Garden?

The Redhills Sub Registrar Office handles registrations for Daffodil Garden, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.