Guideline Value for RAINBOW GARDEN

Rainbow Garden guideline value

The current guideline value of Rainbow Garden, located in Kolathur village, is Rs 1,344 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Mixed Type - III land.

How the guideline value of Rainbow Garden has changed

According to the register, the guideline value for Rainbow Garden has remained consistent at Rs 1,344 per sq.ft for both the 2023 and 2024 revisions. The revisions for the years 2017, 2012, 2007, 2003, and 2002 do not have any figures recorded for this street.

From 2023 to 2024, there was no change in the guideline value, reflecting a stable assessment for this area. The consistent value indicates no fluctuations in the pricing for the recent revisions.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, positioning Rainbow Garden's 2024 figure above this median.

• Raj Nagar: Rs 700 per sq.ft (2024)
• Ponni Amman Nagar: Rs 600 per sq.ft (2024)
• Rathis Amaravathi: Rs 600 per sq.ft (2024)
• Palace Estate City -V: Rs 600 per sq.ft (2024)
• Palace Estate City Phase-II: Rs 600 per sq.ft (2024)
• Sare Realty Project Namely Meadowville: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Rainbow Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,344 per sq.ft, the total guideline value amounts to Rs 13,44,000. The stamp duty at 7% would be Rs 94,080, while the registration fee at 2% would be Rs 26,880. Together, these fees amount to Rs 1,20,960. 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 accurate calculations.

Which Sub Registrar Office covers Rainbow Garden?

The Chengleput Joint II Sub Registrar Office covers Rainbow Garden. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Kolathur. It is used to determine the stamp duty and registration fees applicable on the property transaction, ensuring that the government receives its due revenue based on the property's assessed value.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall cost of the transaction. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Rainbow Garden?

The current guideline value of Rainbow Garden is Rs 1,344 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rainbow Garden has remained at Rs 1,344 per sq.ft for both 2023 and 2024. There are no recorded figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Kolathur?

The median guideline value for streets in Kolathur under the Chengleput Joint II SRO is Rs 600 per sq.ft. Rainbow Garden's guideline value is above this median.

What are the stamp duty and registration fees for a property in Rainbow Garden?

For a 1,000 sq.ft property in Rainbow Garden, the total guideline value is Rs 13,44,000. The stamp duty would be Rs 94,080 and the registration fee would be Rs 26,880, totaling Rs 1,20,960.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.