Guideline Value for ORCHIDS GARDEN

Orchids Garden guideline value

The current guideline value of Orchids Garden, located in Padappai village under the Padappai SRO, is Rs 3,200 per sq.ft as per the 2023 revision. This area falls under the Residential Class V Type - II land classification.

How the guideline value of Orchids Garden has changed

In the 2002 revision, the guideline value register has no figure for Orchids Garden. This pattern continues with the revisions in 2003, 2007, 2012, and 2017, where the register also has no figures for this street. The most recent revision in 2023 shows a guideline value of Rs 3,200 per sq.ft.

There have been no changes in the guideline value between the revisions mentioned above. The only available figure for Orchids Garden is from the 2023 revision, which is Rs 3,200 per sq.ft.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 figure, ranging from Rs 440 to Rs 4,000 per sq.ft, with a median of Rs 830 per sq.ft. Orchids Garden's guideline value of Rs 3,200 per sq.ft is higher than the median value of the area.

• Om Shakthi Nagar Phase II: Rs 830 per sq.ft (2024)
• Om Shakthi Nagar: Rs 830 per sq.ft (2024)
• Ottirai Vadai Street: Rs 830 per sq.ft (2024)
• Officers Colony: Rs 830 per sq.ft (2024)
• N.S.K.Street: Rs 830 per sq.ft (2024)
• N.G.O. Colony: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Orchids Garden

For a 1,000 sq.ft plot at the current rate of Rs 3,200 per sq.ft, the guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, totaling Rs 2,88,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Orchids Garden?

The Orchids Garden area is covered by 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 assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Padappai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Orchids Garden?

The current guideline value of Orchids Garden is Rs 3,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Orchids Garden has only been recorded in 2023 as Rs 3,200 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Orchids Garden?

Orchids Garden falls under the Residential Class V Type - II land classification.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for property in Orchids Garden?

Stamp duty for property in Orchids Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000, leading to a stamp duty of Rs 2,24,000.