Guideline Value for ROSE GARDEN

Rose Garden guideline value

The current guideline value of Rose Garden, located in Mappedu village under the Perambakkam SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rose Garden has changed

Over the years, the guideline value of Rose Garden has seen several revisions. The earliest recorded revision is from 2017, where the guideline value was Rs 275 per sq.ft. This figure increased by 45% to Rs 400 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures recorded for the revisions in 2002, 2003, 2007, and 2012 for this street. However, from 2017 to 2024, there has been a consistent increase of 45% in the guideline value, reflecting the current rate of Rs 400 per sq.ft.

Guideline values in Mappedu

In Mappedu, there are 9 streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 234 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Rose Garden's 2024 figure above that median.

• Sadasivam Nagar: Rs 275 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 275 per sq.ft (2024)
• Sri Krishna Nagar: Rs 234 per sq.ft (2024)
• Sri Vigneshwara Nagar: Rs 268 per sq.ft (2024)
• Star City: Rs 268 per sq.ft (2024)
• Thirukumaran Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Rose Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee, charged at 2%, would be Rs 8,000. Together, the total fees would amount to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rose Garden?

The Rose Garden area is covered by the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Mappedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the fees based on the property's size and the current rate. This ensures that all transactions are conducted transparently and fairly according to the established rates.

Frequently asked questions

What is the current guideline value of Rose Garden?

The current guideline value of Rose Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 275 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and 2024, reflecting a 45% increase overall from 2017 to 2024.

Are there any recorded guideline values for earlier years?

No recorded figures are available for the years 2002, 2003, 2007, and 2012 for Rose Garden.

What are the stamp duty and registration fees for properties in Rose Garden?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Rose Garden?

The Perambakkam Sub Registrar Office is responsible for property registrations in Rose Garden, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.