Guideline Value for R.R.T GARDEN PHASE-III

R.R.T Garden Phase-III guideline value

The current guideline value for R.R.T Garden Phase-III is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Naduveerapattu village, under the jurisdiction of the Padappai SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of R.R.T Garden Phase-III has changed

The guideline value for R.R.T Garden Phase-III has undergone revisions over the years. However, the register has no figures for this street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 1,650 per sq.ft.

Since there are no figures available for the previous years, we can only state the current value from the 2024 revision. There have been no changes between the revisions above.

Guideline values in Naduveerapattu

Naduveerapattu has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value in the village is Rs 660 per sq.ft, positioning R.R.T Garden Phase-III above this median.

• R.R.T Garden phase-II: Rs 660 per sq.ft (2024)
• R.R.T.Garden: Rs 660 per sq.ft (2024)
• Sai Garden: Rs 1,540 per sq.ft (2024)
• Sai Greenfield: Rs 830 per sq.ft (2024)
• Ramesh Nagar: Rs 550 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in R.R.T Garden Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to 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, bringing the total fees together to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers R.R.T Garden Phase-III?

The R.R.T Garden Phase-III 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 more details.

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

The guideline value is a crucial factor during the registration of property transactions in Naduveerapattu. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of R.R.T Garden Phase-III?

The current guideline value of R.R.T Garden Phase-III is Rs 1,650 per sq.ft, effective from 1 July 2024.

What is the land classification for R.R.T Garden Phase-III?

The land classification for R.R.T Garden Phase-III is Residential Class V Type - I, indicating its designation for residential use.

How has the guideline value changed over the years?

The guideline value for R.R.T Garden Phase-III has no recorded figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest figure is from the 2024 revision, which sets the value at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%, and the registration fee would be Rs 33,000 at 2%, totaling Rs 1,48,500. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for R.R.T Garden Phase-III?

The Sub Registrar Office covering R.R.T Garden Phase-III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.