Guideline Value

Corporate

Guideline Value for HAPPY GARDEN

₹802/sq.ft.

The guideline value for Happy Garden in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 802 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 34% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹802 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /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, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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]

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Happy Garden guideline value

The current guideline value of Happy Garden, located in Mitnamalle village under the Avadi SRO, is Rs 802 per sq.ft. This value is effective from the 1st of July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Happy Garden has changed

The guideline value for Happy Garden has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, this figure decreased by 33% to Rs 402 per sq.ft in 2017. The value then rose to Rs 600 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 802 per sq.ft, reflecting a 34% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 435%.

Guideline values in Mitnamalle

In Mitnamalle village, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value for these streets is Rs 802 per sq.ft, which is equal to the current guideline value of Happy Garden. Below are the guideline values for other streets in Mitnamalle:

Stamp duty and registration fee for property in Happy Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty, charged at 7%, would be Rs 56,140, and the registration fee, at 2%, would be Rs 16,040. Together, these fees total Rs 72,180. It is important to note that 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 Happy Garden?

The Happy Garden area falls under the jurisdiction of the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To locate your specific SRO, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Mitnamalle. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the duty is charged on whichever figure is higher.

When purchasing property, it is essential to consider the guideline value as it influences the overall costs involved in the transaction. Ensuring that you are aware of the current guideline value can help in budgeting for the associated fees and understanding the financial implications of the property purchase.

Frequently asked questions

What is the current guideline value of Happy Garden?

The current guideline value of Happy Garden is Rs 802 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 802 per sq.ft in 2024, marking an overall increase of 435% over the years.

What are the stamp duty and registration fees for property in Happy Garden?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 8,02,000. The stamp duty is Rs 56,140 and the registration fee is Rs 16,040, totaling Rs 72,180.

Which Sub Registrar Office covers Happy Garden?

The Avadi Sub Registrar Office covers Happy Garden, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Happy Garden?

Happy Garden is classified as Residential Class II Type - I according to the guideline value register.