Guideline Value for RAJ GARDEN

Raj Garden guideline value

The current guideline value of Raj Garden in Moolacheri village is Rs 2,530 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Mixed Type - II land.

How the guideline value of Raj Garden has changed

The guideline value for Raj Garden has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,530 per sq.ft, a significant increase from the 2023 revision, which was Rs 1,500 per sq.ft. Notably, there were no figures available for the years 2002, 2003, 2007, and 2012 for this street. The 2017 revision also recorded Rs 1,500 per sq.ft, indicating no change from 2017 to 2023.

From 2023 to 2024, the guideline value increased by 69%. Overall, from 2017 to 2024, the guideline value has risen by 69% as well, reflecting the latest adjustments in the register.

Guideline values in Moolacheri

Moolacheri village has 17 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,710 per sq.ft, making the 2024 figure for Raj Garden below the median.

• Pearl Garden: Rs 3,410 per sq.ft (2024)
• Sathyam Golden Nest: Rs 2,710 per sq.ft (2024)
• Serene Avenue: Rs 4,400 per sq.ft (2024)
• M R Nagar: Rs 2,710 per sq.ft (2024)
• Sri Selva Perumal Nagar: Rs 1,650 per sq.ft (2024)
• Maduraipakkam Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Raj Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total charges to Rs 2,27,700. It is important to note that the 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 details.

Which Sub Registrar Office covers Raj Garden?

Raj Garden is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Moolacheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Raj Garden?

The current guideline value of Raj Garden is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 69%, from Rs 1,500 per sq.ft to Rs 2,530 per sq.ft.

Which Sub Registrar Office covers Raj Garden?

The Pallavaram Sub Registrar Office covers Raj Garden, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What is the classification of land in Raj Garden?

The land classification for Raj Garden is Mixed Type - II, which is important for understanding the potential uses of the property.

How is stamp duty calculated in Moolacheri?

Stamp duty in Moolacheri is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the registration fees reflect the true value of the property being sold.