Guideline Value for TRISTAR GARDEN

Tristar Garden guideline value

The current guideline value of Tristar Garden, located in Valayaputhoor village under the Madurandakam SRO, is Rs 103 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Special Type - I.

How the guideline value of Tristar Garden has changed

The guideline value for Tristar Garden has seen several revisions over the years. The earliest recorded revision was in 2012, when the value was Rs 70 per sq.ft. This was followed by a decrease to Rs 47 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 113%, bringing the value up to Rs 100 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 103 per sq.ft, reflecting a 3% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Valayaputhoor

In Valayaputhoor, four streets carry a guideline value for 2024, ranging from Rs 100 to Rs 150 per sq.ft. The median value is Rs 103 per sq.ft, which is equal to the guideline value of Tristar Garden.

• Saranalaya Nagar Phase-I: Rs 150 per sq.ft (2024)
• Jeyam Nagar: Rs 100 per sq.ft (2024)
• Ecopolis: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Tristar Garden

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, totaling Rs 9,270. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tristar Garden?

The Sub Registrar Office that covers Tristar Garden 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 Valayaputhoor

The guideline value is a crucial factor during the registration of property transactions in Valayaputhoor. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in government records.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should consider this value to understand the financial implications of their purchase.

Frequently asked questions

What is the current guideline value of Tristar Garden?

The current guideline value of Tristar Garden is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 103 per sq.ft in 2024, reflecting an overall increase of 47% over this period.

What is the land classification of Tristar Garden?

Tristar Garden is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

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

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

How is the stamp duty calculated for properties in Tristar Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 103 per sq.ft has a guideline value of Rs 1,03,000, leading to a total stamp duty and registration fee of Rs 9,270.