Guideline Value for Minnath Garden

Minnath Garden guideline value

The current guideline value of Minnath Garden is Rs 1,500 per sq.ft. This area falls under Kaaranai village and is governed by the Thiruporur SRO. The land classification for this location is Commercial Class I Type - I.

How the guideline value of Minnath Garden has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,500 per sq.ft again, representing a significant increase of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,500 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kaaranai

Currently, there are no specific village figures provided for Kaaranai. However, the guideline value for Minnath Garden is Rs 1,500 per sq.ft. There are no other streets in Kaaranai listed with guideline values.

Stamp duty and registration fee for property in Minnath Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Minnath Garden?

The Sub Registrar Office that covers Minnath Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical component in the registration process when buying or selling property in Kaaranai. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When a property transaction occurs, the higher value between the sale price and the guideline value is used to calculate the stamp duty. 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 Minnath Garden?

The current guideline value of Minnath Garden is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 1,005 per sq.ft in 2017 and then an increase back to Rs 1,500 per sq.ft in 2023. Overall, the value has remained the same from 2012 to 2023.

What is the stamp duty for properties in Minnath Garden?

The stamp duty for properties in Minnath Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles all registrations for properties in the area.

Are there other streets in Kaaranai with guideline values?

Currently, there are no other streets in Kaaranai listed with guideline values. The only street mentioned is Minnath Garden, which has a guideline value of Rs 1,500 per sq.ft.