Guideline Value for RAJA GARDEN

Raja Garden guideline value

The current guideline value of Raja Garden is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Mamandoor village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Raja Garden has changed

Over the years, the guideline value for Raja Garden has seen several revisions. The earliest recorded revision was in 2012, where the value was Rs 400 per sq.ft. In 2017, it dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value increased to Rs 400 per sq.ft, and it remained unchanged in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating that the value has stabilized over the years.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 300 to Rs 1,200 per sq.ft, with a median value of Rs 500 per sq.ft. Raja Garden's 2024 guideline value is below this median.

• Raji Nagar: Rs 300 per sq.ft (2024)
• R.P.G Rainbow City: Rs 800 per sq.ft (2024)
• Sai Sri Sastha Nagar Phase 1 & 2: Rs 500 per sq.ft (2024)
• Pallava Nagar: Rs 400 per sq.ft (2024)
• N.T.R Garden: Rs 800 per sq.ft (2024)
• Senthil Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 Raja Garden?

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

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mamandoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official register. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Raja Garden?

The current guideline value of Raja Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 400 per sq.ft in both 2023 and 2024. It was Rs 268 per sq.ft in 2017, and previously, it was Rs 400 per sq.ft in 2012.

What is the land classification for Raja Garden?

Raja Garden is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for Raja Garden located?

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