Guideline Value for SMR ROZIYA GARDEN

Smr Roziya Garden guideline value

The current guideline value of Smr Roziya Garden is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Kalpakkam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Smr Roziya Garden has changed

The guideline value for Smr Roziya Garden has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 67 per sq.ft. This figure increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise. The same value of Rs 100 per sq.ft was maintained in the 2024 revision, reflecting no change from the previous year.

It is important to note that there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with a median value of Rs 100 per sq.ft. Smr Roziya Garden's 2024 figure is equal to this median.

• Sri Bala Jothimurugan Manaipiriuv: Rs 100 per sq.ft (2024)
• Shakthi Sai Avenue: Rs 100 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 100 per sq.ft (2024)
• Sri Prasad Nagar: Rs 100 per sq.ft (2024)
• R.K. Nagar: Rs 100 per sq.ft (2024)
• Thendral Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Smr Roziya Garden

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

Which Sub Registrar Office covers Smr Roziya Garden?

The Sub Registrar Office that covers Smr Roziya Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial aspect when buying or selling property in Kalpakkam, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When a buyer or seller proceeds with a property transaction, the guideline value ensures that the transaction is conducted at a fair value, as it reflects the government's assessment of property worth in the area. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Smr Roziya Garden?

The current guideline value of Smr Roziya Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and has remained the same in 2024. This marks an overall increase of 49% from 2017 to 2024.

What is the land classification for Smr Roziya Garden?

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

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Kalpakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty at 7% would be Rs 7,000.