Guideline Value for R.P GARDAN

R.P Gardan guideline value

The current guideline value of R.P Gardan is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pungathur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of R.P Gardan has changed

The guideline value for R.P Gardan has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 1,500 per sq.ft, which increased by 10% to Rs 1,650 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the register does not provide any figures for this street. The latest figure of Rs 1,650 per sq.ft places R.P Gardan above the median guideline value of Rs 1,485 per sq.ft for the 32 streets in Pungathur under the Tiruvallur Joint 1 SRO.

Guideline values in Pungathur

Pungathur village has a range of guideline values across its streets, with values varying from Rs 550 to Rs 2,500 per sq.ft. R.P Gardan's 2024 figure of Rs 1,650 per sq.ft is above the median value for the village. The following are the guideline values for other streets in Pungathur:

• Sakthi Nagar: Rs 770 per sq.ft (2024)
• Sree Kanakavalli Thayar Nagar: Rs 550 per sq.ft (2024)
• Sri Kanagavalli Thayar Avenue: Rs 1,650 per sq.ft (2024)
• Sri Vari Nagar: Rs 1,650 per sq.ft (2024)
• Terapanth Nagar: Rs 1,650 per sq.ft (2024)
• Thendadaivada veedhi: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in R.P Gardan

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers R.P Gardan?

The Sub Registrar Office that covers R.P Gardan is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when it comes to the registration of property transactions in Pungathur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial aspects of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of R.P Gardan?

The current guideline value of R.P Gardan is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for R.P Gardan was Rs 1,500 per sq.ft in 2023 and increased by 10% to Rs 1,650 per sq.ft in 2024. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Pungathur?

The median guideline value for the 32 streets in Pungathur under the Tiruvallur Joint 1 SRO is Rs 1,485 per sq.ft.

What are the stamp duty and registration fees for R.P Gardan?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where can I find the Sub Registrar Office for R.P Gardan?

The Sub Registrar Office for R.P Gardan is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.