Guideline Value for R.V.Garden

R.V.Garden guideline value

The current guideline value of R.V.Garden, located in Kadaperi village under the Tambaram Joint 1 SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of R.V.Garden has changed

The guideline value for R.V.Garden has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it dropped to Rs 1,340 per sq.ft in 2017, before climbing to Rs 2,000 per sq.ft once again in 2023. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2007 to 2024, the overall change in guideline value is an increase of 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

Kadaperi village has 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft as of 2024. The median guideline value in this area is Rs 1,650 per sq.ft, placing R.V.Garden's 2024 figure above that median.

• Ranga Street: Rs 2,200 per sq.ft (2024)
• Ranganathapuram Ist Street: Rs 2,750 per sq.ft (2024)
• Samiar Thottam: Rs 1,650 per sq.ft (2024)
• Ranganathapuram Ist Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 7th Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 6th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in R.V.Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. 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 R.V.Garden?

The Sub Registrar Office that covers R.V.Garden is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kadaperi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it reflects the official valuation of the property and affects the overall cost of the transaction. This ensures transparency and helps in maintaining a standard for property transactions in the area.

Frequently asked questions

What is the current guideline value of R.V.Garden?

The current guideline value of R.V.Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 267% over this period.

What are the stamp duty and registration fees for property in R.V.Garden?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers R.V.Garden?

The Tambaram Joint 1 Sub Registrar Office covers R.V.Garden, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for R.V.Garden?

R.V.Garden falls under the Residential Class I Type - I land classification.