Guideline Value for IMRANKHAN GARDEN

Imrankhan Garden guideline value

The current guideline value of Imrankhan Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Imrankhan Garden has changed

Over the years, the guideline value of Imrankhan Garden has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 670 per sq.ft. The value remained at Rs 1,000 per sq.ft until the 2023 revision, which increased it to Rs 1,100 per sq.ft, marking a 10% rise. The latest revision in 2024 maintains this value at Rs 1,100 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the current 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median of Rs 1,700 per sq.ft. The guideline value of Imrankhan Garden is below this median.

• Indirani Garden: Rs 1,100 per sq.ft (2024)
• Hasaaranbi/Hasan Moulana Garden: Rs 1,100 per sq.ft (2024)
• Guna Seelan Garden: Rs 1,100 per sq.ft (2024)
• Jagadeesan Garden: Rs 1,100 per sq.ft (2024)
• Grp Avenue: Rs 1,100 per sq.ft (2024)
• Gowri Chandran Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Imrankhan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Imrankhan Garden?

The Sub Registrar Office that covers Imrankhan Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uthandi, as it determines the minimum value at which a property can be registered. When a buyer purchases a property, the registration fee and stamp duty are calculated based on this guideline value.

It is essential for both buyers and sellers to be aware of the guideline value, as it influences the overall cost of the transaction. Accurate knowledge of the guideline value helps in ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Imrankhan Garden?

The current guideline value of Imrankhan Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 1,100 per sq.ft in 2024, with various revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the land classification for Imrankhan Garden?

The land classification for Imrankhan Garden is Residential Class III Type - I.

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

For a 1,000 sq.ft property at the guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000, with stamp duty at Rs 77,000 and registration fee at Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Imrankhan Garden located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.