Guideline Value for NU-TECH GARDENIA PHASE - I

Nu-Tech Gardenia Phase - I guideline value

The current guideline value for Nu-Tech Gardenia Phase - I 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.

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

Looking at the historical revisions, the guideline value for Nu-Tech Gardenia Phase - I has seen various changes. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017 to 2023, there was a significant increase of 49%, with the 2017 revision recording a value of Rs 670 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but overall, from 2012 to 2024, the value has remained stable at Rs 1,000 per sq.ft. The 2024 revision, effective from 1 July 2024, continues this trend with no change from the previous year.

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 - I above that median.

• Nu-Tech Gardenia Phase - II: 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 - I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees 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 - I?

Nu-Tech Gardenia Phase - I falls under the Chengleput Joint II Sub Registrar Office, 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 property transactions in Pulipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for Nu-Tech Gardenia Phase - I 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 from 2012 to 2024, with a notable increase of 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What are the other streets in Pulipakkam with guideline values?

Other streets in Pulipakkam include Nu-Tech Gardenia Phase - II and III, both valued at Rs 1,000 per sq.ft, while streets like Pallava Garden, Pallavan Nagar, Narayana Nagar, and Purusothaman Nagar have a guideline value of Rs 600 per sq.ft.

What is the stamp duty for property in Nu-Tech Gardenia Phase - I?

The stamp duty for a property in Nu-Tech Gardenia Phase - I is 7% of the guideline value, which would amount to Rs 70,000 for a 1,000 sq.ft plot valued at Rs 10,00,000.

Where can I find the Sub Registrar Office for Nu-Tech Gardenia Phase - I?

The Chengleput Joint II Sub Registrar Office, which covers Nu-Tech Gardenia Phase - I, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information online.