Guideline Value for NU-TECH GARDENIA PHASE - II

Nu-Tech Gardenia Phase - II guideline value

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

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

Over the years, the guideline value for Nu-Tech Gardenia Phase - II has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,000 per sq.ft. However, the 2017 revision marked a decrease to Rs 670 per sq.ft, reflecting a -33% change from the 2012 figure. From 2017 to 2023, there was a significant increase of 49% to return to Rs 1,000 per sq.ft.

The 2024 revision, effective from 1 July 2024, has maintained the guideline value at Rs 1,000 per sq.ft, indicating no change from the previous year. It is important to note that the register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pulipakkam

Pulipakkam village has 12 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 600 to Rs 1,000 per sq.ft, with a median of Rs 600 per sq.ft. The guideline value for Nu-Tech Gardenia Phase - II is above this median.

• Nu-Tech Gardenia Phase - I: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - III: 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 - II

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, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Nu-Tech Gardenia Phase - II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within 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 a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, which can affect the overall cost for both the buyer and seller. It is essential to be aware of the current guideline value to understand the financial implications of the property transaction.

Frequently asked questions

What is the current guideline value for Nu-Tech Gardenia Phase - II?

The current guideline value for Nu-Tech Gardenia Phase - II 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 remained at Rs 1,000 per sq.ft since 2012, with a drop to Rs 670 per sq.ft in 2017, followed by a return to Rs 1,000 per sq.ft in 2023. The 2024 revision also maintains this value.

What is the land classification for Nu-Tech Gardenia Phase - II?

Nu-Tech Gardenia Phase - II is classified as Mixed Special Type - I land, which is important for understanding its usage and potential development.

What are the other streets with guideline values in Pulipakkam?

In addition to Nu-Tech Gardenia Phase - II, other streets in Pulipakkam include Nu-Tech Gardenia Phase - I and Phase - III, both at Rs 1,000 per sq.ft, and several others at Rs 600 per sq.ft.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.