Guideline Value for NOVA GARDEN

Nova Garden guideline value

The current guideline value of Nova Garden, located in Bearathur village under the Tiruvallur Joint 1 SRO, is Rs 400 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Class III Type - I.

How the guideline value of Nova Garden has changed

According to the guideline value register, there have been several revisions for Nova Garden. The oldest revision available is from 2002, but there is no figure for this street in that year. The subsequent revisions in 2003, 2007, 2012, and 2017 also do not have figures listed for Nova Garden. The most recent revision in 2023 set the guideline value at Rs 400 per sq.ft.

In summary, the only guideline value recorded for Nova Garden is from the 2023 revision at Rs 400 per sq.ft. There have been no changes in the guideline value between the revisions mentioned above.

Guideline values in Bearathur

Currently, there are no specific village figures provided for Bearathur. Nova Garden is classified under the Tiruvallur Joint 1 SRO, and there are no other streets in Bearathur listed with guideline values.

Stamp duty and registration fee for property in Nova Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000. Together, the total fees would be Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nova Garden?

The Sub Registrar Office that covers Nova Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Bearathur, as it determines the minimum value at which a property can be registered. Buyers and sellers must ensure that the sale price is equal to or greater than the guideline value to comply with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nova Garden?

The current guideline value of Nova Garden is Rs 400 per sq.ft, as per the 2023 revision.

When was the last revision of the guideline value for Nova Garden?

The last revision of the guideline value for Nova Garden was in 2023, which set the value at Rs 400 per sq.ft.

Are there any previous guideline values for Nova Garden?

There are no previous guideline values available for Nova Garden in the revisions from 2002, 2003, 2007, 2012, or 2017, as the register has no figures for these years.

What is the land classification for Nova Garden?

The land classification for Nova Garden is Residential Class III Type - I.

How are stamp duty and registration fees calculated in Nova Garden?

Stamp duty and registration fees in Nova Garden are calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 36,000.