Guideline Value for Rajas Garden

Rajas Garden guideline value

The current guideline value of Rajas Garden, located in Noombal village under the Kunrathur SRO, is Rs 2,860 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Mixed Special Type - I.

How the guideline value of Rajas Garden has changed

The guideline value of Rajas Garden has seen significant changes over the years. In 2003, the value was Rs 88 per sq.ft, which increased dramatically to Rs 1,742 per sq.ft in 2017, marking a change of 1880%. Following this, the 2023 revision set the value at Rs 2,600 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 has raised the guideline value to Rs 2,860 per sq.ft, a 10% increase from 2023.

Overall, from 2003 to 2024, the guideline value has increased by 3150%. It is important to note that there are no figures available for the years 2002, 2007, and 2012 for this street.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Rajas Garden's 2024 figure above that median.

• Rajas Garden (Judicial Officers Colony): Rs 2,860 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 2,090 per sq.ft (2024)
• Rajiv Nagar: Rs 2,090 per sq.ft (2024)
• Rajiv Nagar 2nd Main Road: Rs 2,090 per sq.ft (2024)
• Rajiv Nagar 2nd Main Road 2nd Cross Street: Rs 2,090 per sq.ft (2024)
• Rajiv Nagar 3rd Main Road: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Rajas Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total cost for stamp duty and registration fees to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Rajas Garden?

The Sub Registrar Office that covers Rajas Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

When buying or selling property in Noombal, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a benchmark for calculating these fees, ensuring that they are based on an official valuation rather than the sale price alone.

This means that if the sale price is lower than the guideline value, the stamp duty and registration fees will be based on the guideline value. It is essential for buyers and sellers to be aware of this to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Rajas Garden?

The current guideline value of Rajas Garden is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 88 per sq.ft in 2003 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of 3150% over the years.

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

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200, and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Which Sub Registrar Office covers Rajas Garden?

The Kunrathur Sub Registrar Office covers Rajas Garden, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Rajas Garden?

The land classification for Rajas Garden is Mixed Special Type - I, which is important for understanding the zoning and usage regulations in the area.