Guideline Value for ROBERT GARDEN

Robert Garden guideline value

The current guideline value of Robert Garden, located in Mariputhur village under the Madurandakam SRO, is Rs 104 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Robert Garden has changed

The guideline value for Robert Garden has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 100 per sq.ft. This was followed by a decrease to Rs 67 per sq.ft in 2017. The value then increased to Rs 100 per sq.ft in 2023 before reaching the current figure of Rs 104 per sq.ft in 2024.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the guideline value rose by 49%. The change from 2023 to 2024 reflects a 4% increase. Overall, from 2012 to 2024, the guideline value has increased by 4%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mariputhur

In Mariputhur, three streets have a guideline value for the year 2024, ranging from Rs 100 to Rs 104 per sq.ft. Robert Garden's current guideline value of Rs 104 per sq.ft is above the median value of Rs 103 per sq.ft for the area.

• Sri Chelliamman Nagar: Rs 103 per sq.ft (2024)
• Sri Lakshmi Priya Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Robert Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value amounts to Rs 1,04,000. The stamp duty at 7% would be Rs 7,280, and the registration fee at 2% would be Rs 2,080, bringing the total to Rs 9,360. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Robert Garden?

The Sub Registrar Office that covers Robert Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mariputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and complies with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Robert Garden?

The current guideline value of Robert Garden is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 in 2012 to Rs 67 in 2017, then back to Rs 100 in 2023, and finally to Rs 104 in 2024. The overall change from 2012 to 2024 is an increase of 4%.

What is the registration office for Robert Garden?

The registration office for Robert Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Robert Garden?

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value is Rs 1,04,000. The stamp duty is Rs 7,280 and the registration fee is Rs 2,080, totaling Rs 9,360.

Are there other streets with guideline values in Mariputhur?

Yes, there are other streets in Mariputhur with guideline values for 2024. Sri Chelliamman Nagar has a value of Rs 103 per sq.ft, and Sri Lakshmi Priya Nagar has a value of Rs 100 per sq.ft.