Guideline Value for ROSE GARDEN (CHEN)

Rose Garden (Chen) guideline value

The current guideline value of Rose Garden (Chen) is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Rose Garden (Chen) has changed

The guideline value for Rose Garden (Chen) has seen several revisions over the years. In the 2012 revision, the value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in the 2017 revision. The value then increased significantly to Rs 700 per sq.ft in the 2023 revision, before reaching the current figure of Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value has been an increase of 10%. The most notable change occurred between the 2017 and 2023 revisions, where the value rose by 49%. It is worth noting that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Rose Garden (Chen) is below this median.

• Sai Srinivasa Nagar Part-II: Rs 660 per sq.ft (2024)
• Sai Srivari Nagar Part VIII (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srivari Nagar Phase -II (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srivari Nagar Phase -III (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srivari Nagar Phase -IV (Chen): Rs 1,650 per sq.ft (2024)
• Rajiv Gandhi Street (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Rose Garden (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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 further calculations.

Which Sub Registrar Office covers Rose Garden (Chen)?

The Sub Registrar Office that covers Rose Garden (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is an essential factor in the registration of property transactions in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. It is crucial for buyers to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Rose Garden (Chen)?

The current guideline value for Rose Garden (Chen) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and currently stands at Rs 770 per sq.ft in 2024.

What is the land classification for Rose Garden (Chen)?

Rose Garden (Chen) is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Rose Garden (Chen)?

The Sub Registrar Office for Rose Garden (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Rose Garden (Chen)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 at a rate of 7%.