Guideline Value for MOTHER THERASA GARDEN

Mother Therasa Garden guideline value

The current guideline value of Mother Therasa Garden is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Seemapuram village under the Redhills SRO, classified as Residential Special Type - I.

How the guideline value of Mother Therasa Garden has changed

The guideline value for Mother Therasa Garden has seen significant changes over the years. In the 2017 revision, the value was set at Rs 980 per sq.ft. This rose to Rs 1,463 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further increased the guideline value to Rs 1,600 per sq.ft, which represents a 9% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Seemapuram

In Seemapuram, there are 13 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 1,600 per sq.ft. The median for these streets is Rs 220 per sq.ft, placing Mother Therasa Garden's 2024 figure above that median.

• Mettu Street: Rs 220 per sq.ft (2024)
• Kurukku Street: Rs 220 per sq.ft (2024)
• Perumal Koil Street: Rs 220 per sq.ft (2024)
• Perumal Koil Street (Seemapuram Colony): Rs 110 per sq.ft (2024)
• Kinaru Street: Rs 220 per sq.ft (2024)
• Kavarai Street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Mother Therasa Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mother Therasa Garden?

The Sub Registrar Office that covers Mother Therasa Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Seemapuram. It determines the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with the local regulations.

Frequently asked questions

What is the current guideline value of Mother Therasa Garden?

The current guideline value of Mother Therasa Garden is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 980 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 63% over this period.

What are the other streets in Seemapuram and their guideline values?

Other streets in Seemapuram include Mettu Street, Kurukku Street, and Perumal Koil Street, with guideline values ranging from Rs 110 to Rs 220 per sq.ft in 2024.

What is the stamp duty rate for properties in Mother Therasa Garden?

The stamp duty rate for properties in Mother Therasa Garden is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Mother Therasa Garden?

The Sub Registrar Office for Mother Therasa Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.