Guideline Value for Rosi Garden

Rosi Garden guideline value

The current guideline value of Rosi Garden, located in Poonthamallee village under the Poonamallee SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Rosi Garden has changed

The guideline value for Rosi Garden has seen significant changes over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 400%. However, it experienced a decrease to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and most recently, it increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%, indicating a notable upward trend in the value of Rosi Garden.

Guideline values in Poonthamallee

Poonthamallee village has a range of guideline values across its 257 streets, with the 2024 figures varying from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, which is the same as the current value for Rosi Garden.

• RKV nagar: Rs 2,200 per sq.ft (2024)
• Rukmani nagar: Rs 3,250 per sq.ft (2024)
• Sabapathi mudaliar street: Rs 2,200 per sq.ft (2024)
• R.C.M. School Street: Rs 2,200 per sq.ft (2024)
• Sakthi nagar: Rs 3,250 per sq.ft (2024)
• Sakthi nagar (contonment backside): Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Rosi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees together Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rosi Garden?

The Sub Registrar Office that covers Rosi Garden is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Poonthamallee. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for fee calculations.

When registering a property, it is essential to provide accurate details to ensure compliance with the local regulations. The guideline value helps maintain transparency in property transactions, ensuring that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Rosi Garden?

The current guideline value of Rosi Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 400 per sq.ft to Rs 2,200 per sq.ft in 2024, representing an overall increase of 450%.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,98,000, which includes stamp duty and registration fees based on the guideline value.

Which Sub Registrar Office covers Rosi Garden?

The Poonamallee Sub Registrar Office covers Rosi Garden, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification for Rosi Garden?

Rosi Garden falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.