Guideline Value for IDEAL HOME IN M.R.GARDEN

Ideal Home In M.R.Garden guideline value

The current guideline value for Ideal Home In M.R.Garden, located in Paruthipattu village, under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - I land classification.

How the guideline value of Ideal Home In M.R.Garden has changed

Over the years, the guideline value for Ideal Home In M.R.Garden has seen significant changes. The 2007 revision recorded a value of Rs 350 per sq.ft, which increased substantially to Rs 1,200 per sq.ft in 2012, marking a rise of 243%. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The 2017 revision then saw a sharp increase to Rs 1,500 per sq.ft in 2023, reflecting an 87% rise. The most recent revision in 2024 has set the guideline value at Rs 1,625 per sq.ft, an increase of 8% from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 364%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which is equal to the guideline value of Ideal Home In M.R.Garden.

• H.V.F.Road: Rs 3,300 per sq.ft (2024)
• Housing Board: Rs 1,980 per sq.ft (2024)
• Indira Gandhi Nagar: Rs 1,625 per sq.ft (2024)
• Indira Nagar 1st St: Rs 1,625 per sq.ft (2024)
• Indira Nagar 2nd St: Rs 1,625 per sq.ft (2024)
• Indiran Gandhi St Konambedu: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Ideal Home In M.R.Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, while the registration fee at 2% would be Rs 32,500. Together, the total cost for stamp duty and registration fee would be Rs 1,46,250. 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 Ideal Home In M.R.Garden?

The Ideal Home In M.R.Garden is covered by the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Paruthipattu, the guideline value is a crucial factor in determining the amount of stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Ideal Home In M.R.Garden?

The current guideline value for Ideal Home In M.R.Garden is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 350 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024, marking an overall increase of 364%.

What is the land classification for Ideal Home In M.R.Garden?

Ideal Home In M.R.Garden is classified as Residential Special Type - I.

Where can I find the registration office for Ideal Home In M.R.Garden?

The registration office for Ideal Home In M.R.Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Paruthipattu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,25,000, the stamp duty at 7% would be Rs 1,13,750.