Guideline Value for Rose Garden

Rose Garden guideline value

The current guideline value of Rose Garden, located in Varadarajapuram village under the Padappai SRO, is Rs 990 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Rose Garden has changed

Looking at the historical revisions, the guideline value for Rose Garden has seen significant changes over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 120 per sq.ft. This value increased dramatically to Rs 900 per sq.ft in 2012, marking a rise of 650%. However, this increase was followed by a decrease to Rs 603 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 900 per sq.ft in 2023, reflecting a 49% increase from the previous revision.

The most recent revision in 2024 has set the guideline value at Rs 990 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 725%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which means that the guideline value of Rose Garden is below this median.

• Royal Garden: Rs 990 per sq.ft (2024)
• Riya Avenue: Rs 2,220 per sq.ft (2024)
• Rd Golden Meadows: Rs 3,470 per sq.ft (2024)
• RDA Nagar: Rs 990 per sq.ft (2024)
• Rayappa Nagar: Rs 1,650 per sq.ft (2024)
• Sai Beverly Hills: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Rose Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty is charged at 7%, which totals Rs 69,300, while the registration fee at 2% comes to Rs 19,800. Together, these fees amount to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Rose Garden?

The Sub Registrar Office that covers Rose Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find more information about other offices, you can find your SRO.

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

When buying or selling property in Varadarajapuram, the guideline value is a crucial factor in determining the registration fees and stamp duty payable. Buyers must ensure that they are aware of the current guideline value, as it will directly impact the total costs associated with the transaction.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are documented accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Rose Garden?

The current guideline value of Rose Garden is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 120 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, which is an overall increase of 725%.

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

For a property valued at Rs 9,90,000, the stamp duty is Rs 69,300 and the registration fee is Rs 19,800, totaling Rs 89,100.

Which office handles property registrations in Rose Garden?

The Padappai Sub Registrar Office handles property registrations for Rose Garden, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value in Varadarajapuram?

The median guideline value in Varadarajapuram is Rs 1,650 per sq.ft, making the guideline value of Rose Garden below this median.