Guideline Value for RAJENDRAN GARDEN

Rajendran Garden guideline value

The current guideline value of Rajendran Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajendran Garden has changed

Over the years, the guideline value of Rajendran Garden has seen several revisions. The earliest recorded figure is from 2012, when it was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the most recent revision in 2024 raised the value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, there was a significant increase of 49%; and from 2023 to 2024, the increase was 10%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Rajendran Garden is below this median.

• Rajapathar Thottam: Rs 1,100 per sq.ft (2024)
• Rajan Garden: Rs 2,800 per sq.ft (2024)
• Ramachandran Garden: Rs 1,100 per sq.ft (2024)
• Ramakannan Gunaseelan Garden: Rs 1,100 per sq.ft (2024)
• Rajaji Salai: Rs 3,300 per sq.ft (2024)
• Ramakrishnan Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Rajendran Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 Rajendran Garden?

The Sub Registrar Office that covers Rajendran Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Uthandi. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rajendran Garden?

The current guideline value of Rajendran Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Rajendran Garden?

Rajendran Garden is classified as Residential Class III Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Rajendran Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.