Guideline Value for DON GARDEN

Don Garden guideline value

The current guideline value of Don Garden, located in Kumanoor village under the Redhills SRO, is Rs 385 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Don Garden has changed

The guideline value for Don Garden has seen several revisions over the years. The 2017 revision set the value at Rs 234 per sq.ft, which increased to Rs 250 per sq.ft in the 2023 revision, marking a change of +7%. The most recent 2024 revision raised the guideline value to Rs 385 per sq.ft, reflecting a significant increase of +54% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kumanoor

Kumanoor village has nine streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Don Garden's 2024 figure above that median.

• Bharathi Nagar: Rs 220 per sq.ft (2024)
• Sakthi Garden: Rs 275 per sq.ft (2024)
• Sakthi Garden Annex: Rs 275 per sq.ft (2024)
• Sakthi Garden North: Rs 275 per sq.ft (2024)
• Sakthi Garden West: Rs 275 per sq.ft (2024)
• Sree Ram Nagar: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Don Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Don Garden?

The Sub Registrar Office that covers Don Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kumanoor. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that all transactions are conducted in compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. 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 Don Garden?

The current guideline value of Don Garden is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 234 per sq.ft in 2017 to Rs 385 per sq.ft in 2024, marking an overall increase of +65% over this period.

What are the stamp duty rates for property in Don Garden?

The stamp duty rate for property transactions in Don Garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Don Garden located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value for streets in Kumanoor?

The median guideline value for the streets in Kumanoor is Rs 275 per sq.ft, with Don Garden's guideline value being above this median.