Guideline Value for Kochar's Neetu Arjun Garden

Kochar's Neetu Arjun Garden guideline value

The current guideline value of Kochar's Neetu Arjun Garden is Rs 2,860 per sq.ft, effective from 1 July 2024. This property is located in Kerugambakkam village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kochar's Neetu Arjun Garden has changed

The guideline value for Kochar's Neetu Arjun Garden has undergone several revisions over the years. The register shows that in the 2017 revision, the guideline value was Rs 1,742 per sq.ft. This represents a significant increase of 64% to the current value of Rs 2,860 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

Comparing the revisions, the 2017 figure of Rs 1,742 per sq.ft was the last recorded before the substantial jump to Rs 2,860 per sq.ft in 2024. The increase reflects changes in the area's land classification and market conditions, although specific figures for the intervening years are not available.

Guideline values in Kerugambakkam

In Kerugambakkam, the guideline values for 144 streets under the Pammal SRO range from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Kochar's Neetu Arjun Garden is above this median, indicating its relative positioning within the area.

• Kochar Arjun Garden: Rs 2,750 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's Neetu Arjun Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, resulting in a total of Rs 2,57,400. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kochar's Neetu Arjun Garden?

The Sub Registrar Office that covers Kochar's Neetu Arjun Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within 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 plays a crucial role in property transactions in Kerugambakkam. It is used as a basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kochar's Neetu Arjun Garden?

The current guideline value of Kochar's Neetu Arjun Garden is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,742 per sq.ft in 2017 to Rs 2,860 per sq.ft in 2024, marking a 64% increase.

What is the land classification for Kochar's Neetu Arjun Garden?

Kochar's Neetu Arjun Garden is classified as Commercial Class I Type - I, which reflects its intended use and value in the market.

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

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Kochar's Neetu Arjun Garden is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles all registrations for properties in the area.