Guideline Value for WILDSEED GARDENS

Wildseed Gardens guideline value

The current guideline value of Wildseed Gardens is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Palur-A village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Wildseed Gardens has changed

The guideline value for Wildseed Gardens has remained stable at Rs 300 per sq.ft since the 2023 revision, which also recorded the same rate. Prior to this, in the 2017 revision, the value was Rs 201 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 201 to Rs 300 per sq.ft. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49% as well.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. Wildseed Gardens' current guideline value is below this median.

• V G R Nagar: Rs 400 per sq.ft (2024)
• Vaigai Nagar: Rs 400 per sq.ft (2024)
• Vaigai Avenue: Rs 400 per sq.ft (2024)
• S.R.K.Avenue: Rs 400 per sq.ft (2024)
• Sri Vinay Nagar: Rs 400 per sq.ft (2024)
• Sri Srinivasa Avenue Part-II: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Wildseed Gardens

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. The duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Wildseed Gardens?

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

How the guideline value is used when you buy or sell in Palur-A

The guideline value is an essential factor in the registration process of property transactions in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Wildseed Gardens?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2023 revision. It increased from Rs 201 per sq.ft in 2017, marking a 49% rise over this period.

What are the guideline values of other streets in Palur-A?

Other streets in Palur-A have a guideline value of Rs 400 per sq.ft in 2024, which is above the current rate of Wildseed Gardens. The values range from Rs 150 to Rs 600 per sq.ft across the 44 streets in the village.

What fees are associated with buying property in Wildseed Gardens?

When buying property in Wildseed Gardens, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Wildseed Gardens?

The Chengleput Joint II Sub Registrar Office covers Wildseed Gardens, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.