Guideline Value for Pearl Garden

Pearl Garden guideline value

The current guideline value of Pearl Garden, located in Rathinamangalam village, under the Gooduvancheri SRO, is Rs 900 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - I.

How the guideline value of Pearl Garden has changed

The guideline value for Pearl Garden has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. However, in the 2017 revision, it decreased to Rs 603 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase, bringing the value back up to Rs 900 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 900 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Pearl Garden is one of the streets under the Gooduvancheri SRO, and there are no other streets in Rathinamangalam listed with guideline values.

Stamp duty and registration fee for property in Pearl Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty is calculated at 7%, which comes to Rs 63,000, and the registration fee at 2% totals Rs 18,000. Therefore, the combined cost for stamp duty and registration fee is Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pearl Garden?

The Sub Registrar Office that covers Pearl Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the authorities will assess the guideline value or the sale price, whichever is higher, to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Pearl Garden?

The current guideline value of Pearl Garden is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value of Pearl Garden was Rs 900 per sq.ft in 2012, decreased to Rs 603 per sq.ft in 2017, and returned to Rs 900 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the stamp duty rate for property in Pearl Garden?

The stamp duty rate for property in Pearl Garden is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there any guideline value available for the years 2002, 2003, 2007, and 2024?

No, the register has no figures for the years 2002, 2003, 2007, and 2024 for Pearl Garden.