Guideline Value for NU-TECH GARDENIA PHASE - III

Nu-Tech Gardenia Phase - III guideline value

The current guideline value of Nu-Tech Gardenia Phase - III is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Pulipakkam village under the Chengleput Joint II SRO, classified as Mixed Special Type - I.

How the guideline value of Nu-Tech Gardenia Phase - III has changed

The guideline value for Nu-Tech Gardenia Phase - III has seen several revisions over the years. Starting from the 2012 revision at Rs 1,000 per sq.ft, it remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. However, by the 2023 revision, the value returned to Rs 1,000 per sq.ft, and this figure has been maintained in the 2024 revision, indicating no change from the previous year.

In terms of percentage changes, from 2012 to 2017, the guideline value decreased by 33%. Following that, there was a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained the same, showing a net change of 0% over this period.

Guideline values in Pulipakkam

In Pulipakkam, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 1,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, making the guideline value for Nu-Tech Gardenia Phase - III above this median.

• Nu-Tech Gardenia Phase - II: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - I: Rs 1,000 per sq.ft (2024)
• Pallava Garden: Rs 600 per sq.ft (2024)
• Pallavan Nagar: Rs 600 per sq.ft (2024)
• Narayana Nagar: Rs 600 per sq.ft (2024)
• Purusothaman Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Nu-Tech Gardenia Phase - III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 details.

Which Sub Registrar Office covers Nu-Tech Gardenia Phase - III?

The Chengleput Joint II Sub Registrar Office covers Nu-Tech Gardenia Phase - III. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pulipakkam. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Nu-Tech Gardenia Phase - III?

The current guideline value of Nu-Tech Gardenia Phase - III is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several changes, starting from Rs 1,000 per sq.ft in 2012, decreasing to Rs 670 per sq.ft in 2017, and returning to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification of Nu-Tech Gardenia Phase - III?

Nu-Tech Gardenia Phase - III is classified as Mixed Special Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Nu-Tech Gardenia Phase - III located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.