Guideline Value

Corporate

Guideline Value for PREMIER GARDEN PHASE -II

₹2420/sq.ft.

The guideline value for Premier Garden Phase -ii in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Mixed Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Premier Garden Phase -ii

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Premier Garden Phase -II guideline value

The current guideline value of Premier Garden Phase -II is Rs 2,420 per sq.ft. This property is located in Varadarajapuram village, under the Padappai SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of Premier Garden Phase -II has changed

In the 2023 revision, the guideline value was Rs 2,200 per sq.ft. Following the 2024 revision, the value increased to Rs 2,420 per sq.ft, marking a change of +10%. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The current figure of Rs 2,420 per sq.ft is reflective of the 2024 revision, which is the most recent update. The increase from the previous year indicates a shift in the valuation of properties in this area.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, positioning Premier Garden Phase -II above this median.

Stamp duty and registration fee for property in Premier Garden Phase -II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Premier Garden Phase -II?

The Sub Registrar Office that covers Premier Garden Phase -II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Varadarajapuram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price as set by the authorities.

When buying or selling property, the guideline value impacts the applicable stamp duty and registration fees. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the sale price, which can affect the overall transaction expenses.

Frequently asked questions

What is the current guideline value of Premier Garden Phase -II?

The current guideline value of Premier Garden Phase -II is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2023 revision, where the value was Rs 2,200 per sq.ft, the guideline value increased by +10% to Rs 2,420 per sq.ft in 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the other streets in Varadarajapuram and their guideline values?

Other streets in Varadarajapuram include Premier Garden Phase -I at Rs 2,420 per sq.ft, Preethi Avenue at Rs 1,650 per sq.ft, Prithiv Avenue at Rs 1,980 per sq.ft, Priyanga Nagar at Rs 1,650 per sq.ft, Purushothaman Nagar at Rs 1,320 per sq.ft, and Purushothaman Nagar Extn at Rs 1,320 per sq.ft, all based on the 2024 revision.

How is stamp duty calculated for properties in Premier Garden Phase -II?

Stamp duty for properties in Premier Garden Phase -II is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,69,400 based on the current guideline value.

Where is the Sub Registrar Office for Premier Garden Phase -II located?

The Padappai Sub Registrar Office covers Premier Garden Phase -II and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.