Guideline Value for Radiance Jade Garden - II

Radiance Jade Garden - II guideline value

The current guideline value of Radiance Jade Garden - II is Rs 3,284 per sq.ft, effective from 1 July 2024. This property is located in Karasangal village under the Sriperumpudur SRO, classified as Mixed Special Type - II.

How the guideline value of Radiance Jade Garden - II has changed

Over the years, the guideline value for Radiance Jade Garden - II has seen significant changes. The 2017 revision set the rate at Rs 2,200 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision has maintained the guideline value at Rs 3,284 per sq.ft, indicating a 49% increase from the 2017 revision.

From the 2023 revision to the 2024 revision, there has been no change, with the rate remaining at Rs 3,284 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing the guideline value of Radiance Jade Garden - II above this median.

• Radiance Jade Garden: Rs 3,284 per sq.ft (2024)
• Ponniamman Koil Street: Rs 250 per sq.ft (2024)
• Pillayar Koil Street: Rs 250 per sq.ft (2024)
• Ram Nagar-I,II,III: Rs 500 per sq.ft (2024)
• Periyar Street: Rs 250 per sq.ft (2024)
• Rathees City: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Radiance Jade Garden - II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,284 per sq.ft, the total guideline value amounts to Rs 32,84,000. The stamp duty at 7% would be Rs 2,29,880, and the registration fee at 2% would be Rs 65,680, bringing the total cost for these fees to Rs 2,95,560. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radiance Jade Garden - II?

The Sub Registrar Office covering Radiance Jade Garden - II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, 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 Karasangal

The guideline value plays a crucial role in the registration process when buying or selling property in Karasangal. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on the established value of the property.

When a property is registered, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Radiance Jade Garden - II?

The current guideline value of Radiance Jade Garden - II is Rs 3,284 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Radiance Jade Garden - II has increased from Rs 2,200 per sq.ft in 2017 to Rs 3,284 per sq.ft in 2024, marking a 49% increase over this period. The value remained unchanged from 2023 to 2024.

What is the median guideline value in Karasangal?

The median guideline value for the 59 streets in Karasangal is Rs 402 per sq.ft. Radiance Jade Garden - II's guideline value is above this median.

What are the stamp duty and registration fees for property in Radiance Jade Garden - II?

For a 1,000 sq.ft plot at the current guideline value, the total cost for stamp duty and registration fees would be Rs 2,95,560. This includes a stamp duty of Rs 2,29,880 and a registration fee of Rs 65,680.

Which office handles registrations for properties in Radiance Jade Garden - II?

The Sriperumpudur Sub Registrar Office handles registrations for properties in Radiance Jade Garden - II. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.