Guideline Value for R.R.T Garden phase-II

R.R.T Garden phase-II guideline value

The current guideline value of R.R.T Garden phase-II is Rs 660 per sq.ft. This property is located in Naduveerapattu village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of R.R.T Garden phase-II has changed

The guideline value for R.R.T Garden phase-II has experienced several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 402 per sq.ft. This figure increased to Rs 600 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the value increase to Rs 660 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, which is the same as the 2024 figure for R.R.T Garden phase-II.

• R.R.T.Garden: Rs 660 per sq.ft (2024)
• R.R.T Garden Phase-III: Rs 1,650 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-II

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, these fees would total Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers R.R.T Garden phase-II?

The R.R.T Garden phase-II 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 information.

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

The guideline value is a crucial factor when registering property transactions in Naduveerapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of R.R.T Garden phase-II?

The current guideline value of R.R.T Garden phase-II is Rs 660 per sq.ft, effective from July 1, 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 402 per sq.ft to Rs 660 per sq.ft in 2024, which is an overall increase of 64%.

What are the stamp duty and registration fees for a property in R.R.T Garden phase-II?

The stamp duty for a property valued at Rs 6,60,000 would be Rs 46,200, while the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office is responsible for property registration in R.R.T Garden phase-II?

The Padappai Sub Registrar Office is responsible for property registration in R.R.T Garden phase-II, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301.

Are there other streets with different guideline values in Naduveerapattu?

Yes, there are other streets in Naduveerapattu with varying guideline values. For instance, R.R.T Garden Phase-III has a guideline value of Rs 1,650 per sq.ft, while Sai Garden is valued at Rs 1,540 per sq.ft.