Guideline Value for RASI GARDEN @ GOMATHI AMMAN NAGAR

Rasi Garden @ Gomathi Amman Nagar guideline value

The current guideline value for Rasi Garden @ Gomathi Amman Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Chinnakavanam village and falls under the Ponneri SRO. The land classification is Residential Class III Type - III.

How the guideline value of Rasi Garden @ Gomathi Amman Nagar has changed

The guideline value for Rasi Garden @ Gomathi Amman Nagar has seen two recorded revisions in recent years. In the 2023 revision, the guideline value was Rs 400 per sq.ft, which remained unchanged in the 2024 revision. Notably, there are no recorded figures for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

From the 2023 to the 2024 revision, there was a change of +0%. The consistent value of Rs 400 per sq.ft indicates stability in the guideline value for this location over the past two years.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Rasi Garden @ Gomathi Amman Nagar above this median.

• Ramaswami Mudhali Street: Rs 300 per sq.ft (2024)
• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Ponneri - Pudhuvoyal Road: Rs 300 per sq.ft (2024)
• Perumbedu Salai: Rs 300 per sq.ft (2024)
• Singara Mudali Street: Rs 300 per sq.ft (2024)
• Periya Thambi Mudali St: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Rasi Garden @ Gomathi Amman Nagar

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

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rasi Garden @ Gomathi Amman Nagar?

The Sub Registrar Office that covers Rasi Garden @ Gomathi Amman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial figure used during the registration of property transactions in Chinnakavanam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Rasi Garden @ Gomathi Amman Nagar?

The current guideline value for Rasi Garden @ Gomathi Amman Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rasi Garden @ Gomathi Amman Nagar has remained at Rs 400 per sq.ft in both the 2023 and 2024 revisions. There are no recorded figures for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Chinnakavanam?

The median guideline value for streets in Chinnakavanam is Rs 300 per sq.ft. Rasi Garden @ Gomathi Amman Nagar's guideline value is above this median.

What fees are associated with buying property in Rasi Garden @ Gomathi Amman Nagar?

The fees associated with buying property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rasi Garden @ Gomathi Amman Nagar located?

The Sub Registrar Office for Rasi Garden @ Gomathi Amman Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.