Guideline Value for N.T.R GARDEN

N.T.R Garden guideline value

The current guideline value of N.T.R Garden is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Mamandoor village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of N.T.R Garden has changed

The guideline value for N.T.R Garden has seen several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which remained unchanged in the subsequent revision in 2017, where it was Rs 536 per sq.ft. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 800 per sq.ft. The 2023 revision maintained this rate, with no change to Rs 800 per sq.ft in 2024.

It is notable that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 800 per sq.ft.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,200 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for N.T.R Garden is above this median.

• Pallava Nagar: Rs 400 per sq.ft (2024)
• Mtc Nagar: Rs 800 per sq.ft (2024)
• M.M.Nagar: Rs 800 per sq.ft (2024)
• Maruthamalai M.T.C Nagar: Rs 500 per sq.ft (2024)
• Raja Garden: Rs 400 per sq.ft (2024)
• Raji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in N.T.R Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 N.T.R Garden?

The N.T.R Garden falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mamandoor. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of N.T.R Garden?

The current guideline value of N.T.R Garden is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for N.T.R Garden has remained at Rs 800 per sq.ft since 2012, with a significant increase of 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

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

Other streets in Mamandoor have varying guideline values, ranging from Rs 300 to Rs 1,200 per sq.ft. For example, Pallava Nagar has a guideline value of Rs 400 per sq.ft, while Mtc Nagar and M.M.Nagar both have values of Rs 800 per sq.ft.

What is the stamp duty for property in N.T.R Garden?

The stamp duty for property in N.T.R Garden is calculated at 7% of the guideline value. For a plot of 1,000 sq.ft, the stamp duty would amount to Rs 56,000.

Which office handles the registration for N.T.R Garden?

The registration for N.T.R Garden is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.