Guideline Value for RD GOLDEN MEADOWS

Rd Golden Meadows guideline value

The current guideline value of Rd Golden Meadows is Rs 3,470 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village under the Padappai SRO, classified as Commercial Special Type - I.

How the guideline value of Rd Golden Meadows has changed

In the 2023 revision, the guideline value was Rs 3,150 per sq.ft. This represents an increase of 10% to the current guideline value of Rs 3,470 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

The guideline value has seen a steady increase from the previous revision in 2023 to the current value in 2024. The 2024 figure is significantly above the median value of Rs 1,650 per sq.ft for the 250 streets in Varadarajapuram under the Padappai SRO.

Guideline values in Varadarajapuram

In Varadarajapuram, the guideline values for 2024 range from Rs 880 to Rs 4,100 per sq.ft. Rd Golden Meadows stands at Rs 3,470 per sq.ft, which is above the median value of Rs 1,650 per sq.ft.

• RDA Nagar: Rs 990 per sq.ft (2024)
• Rayappa Nagar: Rs 1,650 per sq.ft (2024)
• Riya Avenue: Rs 2,220 per sq.ft (2024)
• Rose Garden: Rs 990 per sq.ft (2024)
• Royal Garden: Rs 990 per sq.ft (2024)
• Sai Beverly Hills: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Rd Golden Meadows

For a 1,000 sq.ft plot at the current rate of Rs 3,470 per sq.ft, the guideline value amounts to Rs 34,70,000. The stamp duty at 7% would be Rs 2,42,900, and the registration fee at 2% would be Rs 69,400, totaling Rs 3,12,300. 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 Rd Golden Meadows?

The Sub Registrar Office that covers Rd Golden Meadows is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process of property transactions in Varadarajapuram. It is used to determine the stamp duty and registration fees applicable to the property, ensuring compliance with local regulations.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Rd Golden Meadows?

The current guideline value of Rd Golden Meadows is Rs 3,470 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,150 per sq.ft in 2023 to Rs 3,470 per sq.ft in 2024, representing a 10% increase. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Rd Golden Meadows?

Rd Golden Meadows is classified as Commercial Special Type - I under the Padappai SRO.

What are the guideline values of other streets in Varadarajapuram?

Other streets in Varadarajapuram include RDA Nagar at Rs 990 per sq.ft, Rayappa Nagar at Rs 1,650 per sq.ft, Riya Avenue at Rs 2,220 per sq.ft, Rose Garden at Rs 990 per sq.ft, Royal Garden at Rs 990 per sq.ft, and Sai Beverly Hills at Rs 1,540 per sq.ft for 2024.

How is stamp duty calculated for properties in Rd Golden Meadows?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at Rs 3,470 per sq.ft, the total guideline value would be Rs 34,70,000, leading to a stamp duty of Rs 2,42,900.