Guideline Value for N.T.R.GARDEN

N.T.R.Garden guideline value

The current guideline value of N.T.R.Garden is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III 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. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and finally rose to Rs 1,980 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is a modest increase of 10%. Notably, the jump from 2017 to 2023 was a substantial 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. N.T.R.Garden's current guideline value is below this median.

• O.V. Alagesan Street: Rs 1,980 per sq.ft (2024)
• N.G.O.Colony: Rs 3,960 per sq.ft (2024)
• Padmam Garden: Rs 3,960 per sq.ft (2024)
• Padmavathi Nagar: Rs 2,970 per sq.ft (2024)
• Neuton Street: Rs 1,980 per sq.ft (2024)
• Nethaji Street: Rs 2,640 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers N.T.R.Garden?

N.T.R.Garden falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property sale.

When a property is bought or sold, the guideline value is referenced to ensure that the correct fees are applied based on the official valuation rather than the sale price, ensuring transparency in the transaction 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 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of N.T.R.Garden?

N.T.R.Garden is classified as Residential Class III Type - I, indicating its designation for residential use.

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

The stamp duty for property in N.T.R.Garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for N.T.R.Garden located?

The Padappai Sub Registrar Office, which covers N.T.R.Garden, is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.