Guideline Value for STEPHY GARDEN

Stephy Garden guideline value

The current guideline value of Stephy Garden is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Athur A Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Stephy Garden has changed

Over the years, the guideline value of Stephy Garden has seen several revisions. The earliest recorded value was Rs 150 per sq.ft in 2007. It then increased significantly to Rs 600 per sq.ft in 2012. However, it dropped to Rs 402 per sq.ft in 2017 before rising again to Rs 600 per sq.ft in both 2023 and the current 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The most significant increase was from 2007 to 2012, where it rose by 300%. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Athur A Block

Athur A Block has 44 streets under the Chengleput Joint II SRO, with a 2024 guideline value range from Rs 300 to Rs 1,525 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the current guideline value of Stephy Garden.

• Sri Vijaya Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 600 per sq.ft (2024)
• Sri Ranga Nagar: Rs 1,525 per sq.ft (2024)
• Sri Ram Nagar: Rs 800 per sq.ft (2024)
• Sri Ragavandira Nagar: Rs 600 per sq.ft (2024)
• Thilagam Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Stephy Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, which totals Rs 42,000, and the registration fee is charged at 2%, amounting to Rs 12,000. Together, the total cost for stamp duty and registration fee would be Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Stephy Garden?

The Sub Registrar Office that covers Stephy Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is a crucial factor during the registration of property transactions in Athur A Block. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the authorities will assess either the guideline value or the sale price, whichever is higher, to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Stephy Garden?

The current guideline value of Stephy Garden is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 150 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then dropping to Rs 402 per sq.ft in 2017, and returning to Rs 600 per sq.ft in both 2023 and 2024.

What is the median guideline value in Athur A Block?

The median guideline value in Athur A Block is Rs 600 per sq.ft, which is the same as the current guideline value for Stephy Garden.

What are the stamp duty rates for properties in Stephy Garden?

The stamp duty for properties in Stephy Garden is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Stephy Garden?

The Sub Registrar Office for Stephy Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.