Guideline Value for Ryan Garden Village

Ryan Garden Village guideline value

The current guideline value for Ryan Garden Village, located in Kizhavalem village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Ryan Garden Village has changed

The guideline value for Ryan Garden Village has seen several revisions over the years. In the 2007 revision, the value was set at Rs 20 per sq.ft, which increased significantly to Rs 85 per sq.ft in 2012. However, there was a decrease to Rs 57 per sq.ft in the 2017 revision. The value remained stable at Rs 100 per sq.ft in both the 2023 and 2024 revisions, indicating no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kizhavalem

In Kizhavalem, there are 19 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 103 per sq.ft, placing Ryan Garden Village's 2024 figure below that median.

• Safa Nagar Part - II: Rs 120 per sq.ft (2024)
• Safa Nagar Phase-III: Rs 120 per sq.ft (2024)
• Saranya Nagar: Rs 102 per sq.ft (2024)
• Sri Balaji Associates Sri Ranga Nagar State Hith Way Golden City: Rs 100 per sq.ft (2024)
• Sri Moogambigai Nagar: Rs 400 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Ryan Garden Village

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ryan Garden Village?

The Sub Registrar Office that covers Ryan Garden Village is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kizhavalem. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When engaging in property transactions, it is essential to be aware of the guideline value, as it directly impacts the overall cost of registration. Buyers and sellers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Ryan Garden Village?

The current guideline value for Ryan Garden Village is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, marking a total increase of 400% over the years.

What are the other streets in Kizhavalem with their guideline values?

Other streets in Kizhavalem include Safa Nagar Part - II and Safa Nagar Phase-III at Rs 120 per sq.ft, Saranya Nagar at Rs 102 per sq.ft, and Sri Moogambigai Nagar at Rs 400 per sq.ft, among others.

How is stamp duty calculated for properties in Ryan Garden Village?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at Rs 100 per sq.ft would incur a total stamp duty of Rs 7,000.

Which Sub Registrar Office covers Ryan Garden Village?

The Madurandakam Sub Registrar Office covers Ryan Garden Village, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.