Guideline Value for MADHUKSARA GARDEN

Madhuksara Garden guideline value

The current guideline value of Madhuksara Garden is Rs 1,941 per sq.ft, as per the 2023 revision. This area is located in Rathinamangalam village, under the Gooduvancheri Sub Registrar Office. The land classification for this property is Residential Class I Type - II.

How the guideline value of Madhuksara Garden has changed

The guideline value for Madhuksara Garden has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,300 per sq.ft. This figure increased to Rs 1,941 per sq.ft in the 2023 revision, marking a change of +49%.

For the years 2002, 2003, 2007, 2012, and 2024, the register has no figure for this street. Therefore, only the 2017 and 2023 revisions provide guideline values for Madhuksara Garden.

Guideline values in Rathinamangalam

The guideline value for Madhuksara Garden is Rs 1,941 per sq.ft as of the latest revision. Unfortunately, there are no other figures provided for different streets in Rathinamangalam under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Madhuksara Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,941 per sq.ft, the guideline value amounts to Rs 19,41,000. The stamp duty at 7% would be Rs 1,35,870, and the registration fee at 2% would be Rs 38,820. Together, the total cost would be Rs 1,74,690. It is important to 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 Madhuksara Garden?

The Madhuksara Garden area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration office uses the guideline value to calculate the applicable fees, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Madhuksara Garden?

The current guideline value of Madhuksara Garden is Rs 1,941 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,300 per sq.ft in 2017 to Rs 1,941 per sq.ft in 2023, reflecting a change of +49%.

Are there any guideline values for other streets in Rathinamangalam?

There are no guideline values provided for other streets in Rathinamangalam under the Gooduvancheri SRO.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,74,690.

Where is the Sub Registrar Office for Madhuksara Garden located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.