Guideline Value for ELITE ORCHARD

Elite Orchard guideline value

The current guideline value of Elite Orchard is Rs 650 per sq.ft, effective from 1 July 2024. This property is located in Orathur village under the Gooduvancheri SRO, classified as Residential Special Type - IV.

How the guideline value of Elite Orchard has changed

In the 2017 revision, the guideline value was Rs 650 per sq.ft. This remained unchanged until the 2023 revision, where it increased by 49% to Rs 971 per sq.ft. However, in the 2024 revision, the guideline value decreased by 33% to Rs 650 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value remains unchanged at Rs 650 per sq.ft. The fluctuations in the values highlight the changes in the market over the years, with the most significant change occurring between 2023 and 2024.

Guideline values in Orathur

In Orathur, 80 streets under the Gooduvancheri SRO have a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Elite Orchard is above this median.

• Eswari Garden: Rs 500 per sq.ft (2024)
• Ganapathi Nagar: Rs 400 per sq.ft (2024)
• Ganapathi Syndicate: Rs 400 per sq.ft (2024)
• Gandhi Nagar: Rs 500 per sq.ft (2024)
• Gandhi Nagar Extension-I: Rs 500 per sq.ft (2024)
• Gandhi Nagar Extension-II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Elite Orchard

For a 1,000 sq.ft plot at the current rate of Rs 650 per sq.ft, the guideline value is Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, totaling Rs 58,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elite Orchard?

The Sub Registrar Office that covers Elite Orchard is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Orathur. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Elite Orchard?

The current guideline value of Elite Orchard is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Elite Orchard was Rs 650 per sq.ft in 2017, increased to Rs 971 per sq.ft in 2023, and then decreased back to Rs 650 per sq.ft in 2024.

What are the guideline values of other streets in Orathur?

Other streets in Orathur have varying guideline values, with rates ranging from Rs 335 to Rs 1,700 per sq.ft. The median guideline value in the village is Rs 500 per sq.ft.

What fees are associated with buying property in Elite Orchard?

When buying property in Elite Orchard, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Elite Orchard located?

The Sub Registrar Office for Elite Orchard is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.