Guideline Value for Roja Garden

Roja Garden guideline value

The current guideline value of Roja Garden, located in Allappakkam village, is Rs 1,102 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Residential Special Type - III.

How the guideline value of Roja Garden has changed

The guideline value for Roja Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 737 per sq.ft. However, the value saw a significant increase in the subsequent revisions, reaching Rs 1,100 per sq.ft again in 2023, and then slightly increasing to Rs 1,102 per sq.ft in 2024, reflecting a 49% rise from 2017 to 2023, but no change from 2023 to 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable with a net change of 0%.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value is Rs 1,102 per sq.ft, which is equal to the guideline value of Roja Garden.

• Rishi Hill View Co-Op Nagar Phase-III: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-II: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-I: Rs 800 per sq.ft (2024)
• Rish Hill View co-Operative Nagar: Rs 800 per sq.ft (2024)
• Rangaswamy Nagar: Rs 1,200 per sq.ft (2024)
• Sai Kiruba Nagar: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Roja Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty, charged at 7%, would amount to Rs 77,140, while the registration fee at 2% would be Rs 22,040. Therefore, the total cost for stamp duty and registration would be Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Roja Garden?

The Sub Registrar Office that covers Roja Garden is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role during property transactions in Allappakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value can influence the sale price, as it provides a benchmark for both buyers and sellers. Understanding the guideline value can help in negotiating the terms of the sale and ensuring compliance with local registration requirements.

Frequently asked questions

What is the current guideline value of Roja Garden?

The current guideline value of Roja Garden is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,102 per sq.ft in 2024, which is a slight increase from Rs 1,100 per sq.ft in 2023. The value was Rs 737 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification of Roja Garden?

Roja Garden is classified as Residential Special Type - III, indicating its suitability for residential development.

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

For a property valued at Rs 11,02,000, the stamp duty would be Rs 77,140 and the registration fee would be Rs 22,040, totaling Rs 99,180. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Roja Garden?

The Chengleput Joint I Sub Registrar Office handles registrations for Roja Garden, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.