Guideline Value for RATHNA GARDEN

Rathna Garden guideline value

The current guideline value of Rathna Garden is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village under the Ambattur SRO, classified as Mixed Special Type - II.

How the guideline value of Rathna Garden has changed

The guideline value for Rathna Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kovilpathagai

Kovilpathagai has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft as of 2024. The median guideline value for the village is Rs 870 per sq.ft, placing Rathna Garden's 2024 figure above this median.

• Rani Nagar Extn.: Rs 880 per sq.ft (2024)
• Rani Nagar: Rs 880 per sq.ft (2024)
• Rani Avenue: Rs 880 per sq.ft (2024)
• Rangarajan Nagar: Rs 880 per sq.ft (2024)
• R.R.Nagar: Rs 880 per sq.ft (2024)
• R.R .Nagar Extn.: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Rathna Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rathna Garden?

The Sub Registrar Office covering Rathna Garden is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It determines the amount of stamp duty and registration fees payable, which are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Rathna Garden?

The current guideline value of Rathna Garden is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft in 2024, marking a total increase of 59% over this period.

What is the land classification for Rathna Garden?

Rathna Garden is classified as Mixed Special Type - II under the land classification system.

What are the stamp duty and registration fees for properties in Rathna Garden?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles registrations for Rathna Garden?

The Ambattur Sub Registrar Office is responsible for handling registrations in Rathna Garden, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.