Guideline Value for STONE GARDEN

Stone Garden guideline value

The current guideline value of Stone Garden in Nallan Petral village, under the Thirukazhukundram SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - IV.

How the guideline value of Stone Garden has changed

The guideline value for Stone Garden has seen changes over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 270 per sq.ft, which increased to Rs 300 per sq.ft in the 2024 revision, marking an increase of 11%.

Prior to the 2023 revision, there were no recorded figures for Stone Garden. The current guideline value of Rs 300 per sq.ft is below the median of Rs 605 per sq.ft for other streets in Nallan Petral, which range from Rs 275 to Rs 910 per sq.ft as per the 2024 revision.

Guideline values in Nallan Petral

In Nallan Petral, four streets carry a 2024 guideline value. The values range from Rs 275 to Rs 910 per sq.ft, with the median being Rs 605 per sq.ft. Stone Garden's 2024 figure is below this median.

• Mf Prayag: Rs 275 per sq.ft (2024)
• Port Town Phase -II: Rs 910 per sq.ft (2024)
• Port Town Phase -III: Rs 910 per sq.ft (2024)

Stamp duty and registration fee for property in Stone Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Stone Garden?

The Sub Registrar Office that covers Stone Garden is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Nallan Petral. It determines the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps in assessing the official value of the property, ensuring that the transaction is recorded accurately. This value is updated periodically, reflecting changes in the market and local regulations.

Frequently asked questions

What is the current guideline value of Stone Garden?

The current guideline value of Stone Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 270 per sq.ft in 2023 to Rs 300 per sq.ft in 2024, which is an increase of 11%.

What is the land classification for Stone Garden?

Stone Garden is classified as Residential Special Type - IV according to the local guidelines.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles property registrations in Stone Garden?

The Thirukazhukundram Sub Registrar Office handles property registrations for Stone Garden, located at Thiruchengode - 637 211, Chengalpattu registration zone.