Guideline Value for ROBERT GARDEN

Robert Garden guideline value

The current guideline value of Robert Garden in Murugampakam village is Rs 101 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam Sub Registrar Office and is classified as Residential Special Type - III.

How the guideline value of Robert Garden has changed

The guideline value for Robert Garden has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 67 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 100 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 101 per sq.ft, marking a 1% rise from the previous year.

It is important to note that the register has no figures for Robert Garden in the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by just 1%.

Guideline values in Murugampakam

In Murugampakam, three streets under the Madurandakam SRO have a 2024 guideline value, ranging from Rs 100 to Rs 250 per sq.ft. The median value for these streets is Rs 101 per sq.ft, which is the same as the current value for Robert Garden.

• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Avudaiamman Nagar: Rs 250 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 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty, charged at 7%, would be Rs 7,070, while the registration fee at 2% would be Rs 2,020, bringing the total cost for these fees to Rs 9,090. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Robert Garden?

The Madurandakam Sub Registrar Office covers Robert Garden. The office is 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 Murugampakam

When buying or selling property in Murugampakam, the guideline value is a crucial factor in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to accurately estimate the costs involved in the registration process. This helps in planning the financial aspects of the property transaction effectively.

Frequently asked questions

What is the current guideline value of Robert Garden?

The current guideline value of Robert Garden is Rs 101 per sq.ft, effective from 1 July 2024.

How much was the guideline value in previous years?

The guideline values for Robert Garden in previous years were Rs 100 per sq.ft in 2023, Rs 67 per sq.ft in 2017, and Rs 100 per sq.ft in 2012.

What is the land classification of Robert Garden?

Robert Garden is classified as Residential Special Type - III, indicating its intended use for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 1,01,000, the total fees would amount to Rs 9,090.

Where is the Sub Registrar Office for Robert Garden located?

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