Guideline Value for KOCHAR ARJUN GARDEN

Kochar Arjun Garden guideline value

The current guideline value of Kochar Arjun Garden is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Kerugambakkam village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Kochar Arjun Garden has changed

In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 2,750 per sq.ft, which is a 10% increase from the previous year. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise in the guideline value reflects changes in the property landscape in the area.

Guideline values in Kerugambakkam

Kerugambakkam has a total of 144 streets under the Pammal SRO, with guideline values in 2024 ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kochar Arjun Garden's 2024 figure above this median.

• Kochar's Neetu Arjun Garden: Rs 2,860 per sq.ft (2024)
• Kolapakkam Road: Rs 2,860 per sq.ft (2024)
• Krs Kavinaya Garden: Rs 2,050 per sq.ft (2024)
• Karthick Garden: Rs 2,530 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 1,980 per sq.ft (2024)
• Kumaran Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kochar Arjun Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 Kochar Arjun Garden?

The Kochar Arjun Garden area falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kerugambakkam

The guideline value is a crucial factor when registering property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value influences the stamp duty and registration fees that must be paid. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kochar Arjun Garden?

The current guideline value of Kochar Arjun Garden is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024. This reflects an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Kochar Arjun Garden?

The Pammal Sub Registrar Office covers Kochar Arjun Garden, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Kochar Arjun Garden?

Kochar Arjun Garden is classified as Residential Class I Type - I, indicating its suitability for residential development.