Guideline Value

Corporate

Guideline Value for Golden Garden

₹385/sq.ft.

The guideline value for Golden Garden in Perungavur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungavur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Golden Garden

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Golden Garden guideline value

The current guideline value of Golden Garden, located in Perungavur village under the Redhills SRO, is Rs 385 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Golden Garden has changed

In the 2017 revision, the guideline value was Rs 234 per sq.ft. This figure increased to Rs 350 per sq.ft in the 2023 revision, marking a 50% rise over the six-year period. The 2024 revision set the current guideline value at Rs 385 per sq.ft, reflecting a 10% increase from the previous year.

Prior to the 2017 revision, the guideline value was Rs 350 per sq.ft in 2012, which was a decrease of 33% from Rs 300 per sq.ft in 2007. Overall, from 2007 to 2024, the guideline value has increased by 28%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 275 per sq.ft. Golden Garden's 2024 guideline value of Rs 385 per sq.ft is above this median.

Stamp duty and registration fee for property in Golden Garden

For a 1,000 sq.ft plot at the current rate of Rs 385 per sq.ft, the guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, totaling 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 details.

Which Sub Registrar Office covers Golden Garden?

The Sub Registrar Office covering Golden 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Perungavur, as it determines the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the guideline value is compared against the sale price. The higher of the two is used to calculate the applicable fees, which are essential for the legal transfer of property ownership. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Golden Garden?

The current guideline value of Golden 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 seen several revisions, increasing from Rs 234 per sq.ft in 2017 to Rs 385 per sq.ft in 2024. Notably, there was a 50% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

What are the other streets in Perungavur and their guideline values?

Other streets in Perungavur include Golden Nagar, Gomathi Amman Nagar, and several others, all currently valued at Rs 220 per sq.ft for 2024. Golden Garden's value is higher than this rate.

What fees are associated with property transactions in Golden Garden?

For a property in Golden Garden, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 34,650.

Where is the Sub Registrar Office for Golden Garden located?

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