Guideline Value for Rishanth Maanav Garden

Rishanth Maanav Garden guideline value

The current guideline value for Rishanth Maanav Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Rishanth Maanav Garden has changed

The guideline value for Rishanth Maanav Garden has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 1,500 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 2,010 per sq.ft, which was a drop of 33%. The value then rose significantly to Rs 3,000 per sq.ft in 2023, followed by the current value of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

In summary, from 2007 to 2024, the overall increase in the guideline value is 120%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Rishanth Maanav Garden's current value below that median.

• Roja Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Rathinapuri: Rs 5,500 per sq.ft (2024)
• Sai Nagar: Rs 5,500 per sq.ft (2024)
• Sai Nagar Annexe, 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Sai Nagar Annexe, 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Sai Nagar Annexe, 4th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rishanth Maanav Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Rishanth Maanav Garden?

The Sub Registrar Office that covers Rishanth Maanav Garden is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring that the transaction is in compliance with local regulations.

When purchasing property, the guideline value is often compared to the sale price. The higher value between the two is used to calculate the applicable duties and fees, which can significantly impact the overall cost of the transaction. Understanding the guideline value is essential for anyone looking to buy or sell property in Koyakbedu.

Frequently asked questions

What is the current guideline value of Rishanth Maanav Garden?

The current guideline value of Rishanth Maanav Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

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

For a 1,000 sq.ft plot, the total stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, amounting to a total of Rs 2,97,000.

Which Sub Registrar Office is responsible for Rishanth Maanav Garden?

The AnnaNagar Sub Registrar Office is responsible for Rishanth Maanav Garden, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher of the two is used for calculating these fees.