Guideline Value for RISHI GARDAN

Rishi Gardan guideline value

The current guideline value of Rishi Gardan, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 801 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as a New House Site Type -I (Individual House Site).

How the guideline value of Rishi Gardan has changed

Over the years, the guideline value of Rishi Gardan has undergone several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which was a decrease of 33% from Rs 536 per sq.ft in the 2017 revision. The value remained unchanged at Rs 800 per sq.ft in the 2023 revision, and the current value for 2024 is Rs 801 per sq.ft, reflecting no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 800 per sq.ft.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value in this village is Rs 700 per sq.ft, making Rishi Gardan's current value of Rs 801 per sq.ft higher than the median.

• Ravindranath Tagore Nagar: Rs 700 per sq.ft (2024)
• R.R Avenue: Rs 1,500 per sq.ft (2024)
• Ram Nagar: Rs 700 per sq.ft (2024)
• Sakthi Avenue: Rs 1,500 per sq.ft (2024)
• Rajeswari Nagar: Rs 2,986 per sq.ft (2024)
• Rajeev Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Rishi Gardan

For a 1,000 sq.ft plot at the current guideline value of Rs 801 per sq.ft, the total guideline value amounts to Rs 8,01,000. The stamp duty at 7% would be Rs 56,070, and the registration fee at 2% would be Rs 16,020, leading to a total of Rs 72,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rishi Gardan?

The Sub Registrar Office that covers Rishi Gardan is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the 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 Kayirambedu

The guideline value is a crucial factor when buying or selling property in Kayirambedu, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the registration fees and stamp duty are calculated based on this guideline value.

When a property transaction occurs, the guideline value serves as a benchmark for the registration process. It ensures that the transaction is recorded at a value that reflects the official rates set by the government, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Rishi Gardan?

The current guideline value of Rishi Gardan is Rs 801 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2023 to Rs 801 per sq.ft in 2024. It was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

What is the land classification for Rishi Gardan?

Rishi Gardan is classified as a New House Site Type -I (Individual House Site).

What are the registration fees for property in Rishi Gardan?

The registration fees for property in Rishi Gardan are calculated based on the guideline value. For example, for a plot worth Rs 8,01,000, the stamp duty would be Rs 56,070, and the registration fee would be Rs 16,020.

Where can I find the Sub Registrar Office for Rishi Gardan?

The Sub Registrar Office for Rishi Gardan is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the link provided.