Guideline Value for RAINBOW RETREAT

Rainbow Retreat guideline value

The current guideline value of Rainbow Retreat in Krishnan Karanai village is Rs 1,000 per sq.ft, as per the 2023 revision. This property falls under the jurisdiction of the Thiruporur Sub Registrar Office and is classified as Residential Special Type - I.

How the guideline value of Rainbow Retreat has changed

Looking at the historical revisions, the guideline value for Rainbow Retreat was Rs 1,000 per sq.ft in 2012. This figure remained unchanged in the subsequent revision in 2017, where it dropped to Rs 670 per sq.ft. However, in the latest 2023 revision, the value increased to Rs 1,000 per sq.ft again. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. Conversely, from 2017 to 2023, there was an increase of 49%. Overall, comparing the figures from 2012 to 2023, the guideline value has remained the same, showing a 0% change over this period.

Guideline values in Krishnan Karanai

Rainbow Retreat is one of the properties in Krishnan Karanai, which currently has no other guideline values published for different streets. Therefore, there are no other streets in Krishnan Karanai to list.

Stamp duty and registration fee for property in Rainbow Retreat

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty charged at 7% would be Rs 70,000, while the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rainbow Retreat?

The Rainbow Retreat property is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Krishnan Karanai, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding this value helps in budgeting for the additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Rainbow Retreat?

The current guideline value of Rainbow Retreat is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Rainbow Retreat was Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and has returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Rainbow Retreat?

Rainbow Retreat is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 1,000 per sq.ft, the total fees would amount to Rs 90,000.