Guideline Value for DARSHAN GARDEN

Darshan Garden guideline value

The current guideline value of Darshan Garden is Rs 1,640 per sq.ft, effective from 1 July 2024. This area is located in Naduveerapattu village, under the Padappai SRO, and is classified as Mixed Special Type - II.

How the guideline value of Darshan Garden has changed

The guideline value for Darshan Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 1,000 per sq.ft. This increased to Rs 1,493 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 brought the value up to Rs 1,640 per sq.ft, which is 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 this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Naduveerapattu

Naduveerapattu village has 96 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,500 per sq.ft. The median value for these streets is Rs 660 per sq.ft, making the guideline value for Darshan Garden above the median.

• Darcost Vinnarasi Street: Rs 660 per sq.ft (2024)
• Dhakshin City: Rs 550 per sq.ft (2024)
• Chandra Garden: Rs 550 per sq.ft (2024)
• Durga Nagar: Rs 440 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 550 per sq.ft (2024)
• Ettayapuram: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Darshan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,640 per sq.ft, the total guideline value amounts to Rs 16,40,000. The stamp duty at 7% would be Rs 1,14,800, and the registration fee at 2% would be Rs 32,800, making the total cost for these fees Rs 1,47,600. It is important to note that 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 Darshan Garden?

The Sub Registrar Office that covers Darshan Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value helps ensure that the government collects the appropriate taxes based on the property's value, which is either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Darshan Garden?

The current guideline value of Darshan Garden is Rs 1,640 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2017 to Rs 1,640 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Darshan Garden?

Darshan Garden is classified as Mixed Special Type - II, which is relevant for determining its guideline value.

Where can I find the Sub Registrar Office for Darshan Garden?

The Sub Registrar Office that covers Darshan Garden is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Darshan Garden?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,640 per sq.ft, the total guideline value is Rs 16,40,000.