Guideline Value for SRI ROCKY GARDEN

Sri Rocky Garden guideline value

The current guideline value of Sri Rocky Garden is Rs 1,800 per sq.ft. This property is located in Melakottyur village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Sri Rocky Garden has changed

The guideline value of Sri Rocky Garden has remained consistent over the years. In the 2017 revision, the guideline value was Rs 1,800 per sq.ft, which did not change in the subsequent 2023 revision, also set at Rs 1,800 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

Thus, from 2017 to 2023, the guideline value experienced a change of +0%. The consistency in the guideline value indicates stability in this specific area over the observed years.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Sri Rocky Garden is one of the streets in this village, and there are no other streets in Melakottyur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Sri Rocky Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, while the registration fee at 2% would be Rs 36,000. Together, the total cost for stamp duty and registration fee would be Rs 1,62,000. 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 accurate calculations.

Which Sub Registrar Office covers Sri Rocky Garden?

The Sub Registrar Office that covers Sri Rocky Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

When buying or selling property in Melakottyur, the guideline value plays a crucial role in determining the stamp duty and registration fees applicable to the transaction. The guideline value is typically used as a benchmark for calculating these fees, ensuring that they are based on the official valuation set by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the property transaction. Understanding the guideline value helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Sri Rocky Garden?

The current guideline value of Sri Rocky Garden is Rs 1,800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,800 per sq.ft from the 2017 revision to the 2023 revision, reflecting a +0% change.

Are there any other streets in Melakottyur with guideline values?

Currently, there are no other streets in Melakottyur listed under the Gooduvancheri SRO, and no specific village figures are available.

What is the stamp duty rate for properties in Sri Rocky Garden?

The stamp duty rate for properties in Sri Rocky Garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the nearest Sub Registrar Office for Sri Rocky Garden?

The nearest Sub Registrar Office is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.