Guideline Value for FATHIMA GARDEN

Fathima Garden guideline value

The current guideline value of Fathima Garden in Allappakkam village is Rs 1,200 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint I SRO and is classified as Residential Special Type - II.

How the guideline value of Fathima Garden has changed

Over the years, the guideline value for Fathima Garden has seen significant changes. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged at Rs 1,200 per sq.ft during the 2023 revision. The most recent 2024 revision also maintains the guideline value at Rs 1,200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well, reflecting a consistent valuation since 2023.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, placing Fathima Garden's 2024 figure above this median.

• Doctor's Enclave: Rs 902 per sq.ft (2024)
• Golden King Nagar: Rs 1,102 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 902 per sq.ft (2024)
• Govintharaj Nagar: Rs 800 per sq.ft (2024)
• Harigtan nagar: Rs 902 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Fathima Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, leading to a total of Rs 1,08,000. 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 details.

Which Sub Registrar Office covers Fathima Garden?

The Fathima Garden area is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Allappakkam

The guideline value is a crucial factor when registering property transactions in Allappakkam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for all property sales and purchases.

When a property is sold or purchased, the registration office uses the guideline value to determine the applicable fees. Buyers should be aware that the fees are calculated based on the higher amount between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Fathima Garden?

The current guideline value of Fathima Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining at Rs 1,200 per sq.ft from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Fathima Garden?

Fathima Garden is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for Fathima Garden?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 12,00,000, the total fees would amount to Rs 1,08,000.

Where is the Chengleput Joint I Sub Registrar Office located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.