Guideline Value for Rockey Garden

Rockey Garden guideline value

The current guideline value of Rockey Garden is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Vattampakkam village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rockey Garden has changed

The guideline value for Rockey Garden has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 250 per sq.ft. In 2017, this value decreased to Rs 167 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value returned to Rs 250 per sq.ft, and it remained unchanged in the 2024 revision, which also lists the value at Rs 250 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to its previous level. Overall, when looking at the period from 2012 to 2024, there has been no change in the guideline value, remaining at Rs 250 per sq.ft.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,790 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is equal to the guideline value for Rockey Garden.

• Rocky Nagar: Rs 448 per sq.ft (2024)
• Rose Nagar: Rs 250 per sq.ft (2024)
• Ponniamman Kovil Street (colony): Rs 200 per sq.ft (2024)
• Shri Sheshadri Brindhavanam Phase I: Rs 500 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Pethel Nagar: Rs 426 per sq.ft (2024)

Stamp duty and registration fee for property in Rockey Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rockey Garden?

The Rockey Garden area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, 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 Vattampakkam

The guideline value is a critical factor used during the registration of property transactions in Vattampakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when transferring property ownership.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rockey Garden?

The current guideline value of Rockey Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rockey Garden has remained at Rs 250 per sq.ft since 2023, after experiencing a decrease to Rs 167 per sq.ft in 2017. It was Rs 250 per sq.ft in 2012, and there are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Rockey Garden?

Rockey Garden is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in Rockey Garden?

The stamp duty for property in Rockey Garden is set at 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value or sale price.

Where can I find the Sub Registrar Office for Rockey Garden?

The Sub Registrar Office covering Rockey Garden is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.