Guideline Value for Zion garden

Zion garden guideline value

The current guideline value of Zion garden, located in Vattampakkam village under the Sunguvarchattram SRO, is Rs 747 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Zion garden has changed

The guideline value for Zion garden has undergone several revisions over the years. The earliest recorded value was Rs 500 per sq.ft in the 2017 revision. This figure remained unchanged in the subsequent 2023 revision, which also recorded Rs 747 per sq.ft. The most recent revision in 2024 maintained the same value of Rs 747 per sq.ft, resulting in no change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%. This consistent value reflects stability in the guideline rates for this location.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,790 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Zion garden is above this median.

• Thulukanathamman Kovil Streer (colony): Rs 200 per sq.ft (2024)
• Swarna Bhoomi: Rs 448 per sq.ft (2024)
• Sri Lakshmi Narayanan Nagar: Rs 500 per sq.ft (2024)
• Sri KamatchiAmman Nagar: Rs 250 per sq.ft (2024)
• Sri Devi Nagar: Rs 300 per sq.ft (2024)
• Sri Avenue: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Zion garden

For a 1,000 sq.ft plot at the current guideline value of Rs 747 per sq.ft, the total guideline value amounts to Rs 7,47,000. The stamp duty, charged at 7%, would be Rs 52,290, while the registration fee at 2% would be Rs 14,940, bringing the total charges to Rs 67,230. It is important to note that the 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 Zion garden?

The Zion garden area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Vattampakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. This ensures that the government receives the appropriate revenue from property sales in the region.

Frequently asked questions

What is the current guideline value of Zion garden?

The current guideline value of Zion garden is Rs 747 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 747 per sq.ft from 2023 to 2024, showing no change. From 2017 to 2023, it increased by 49% from Rs 500 per sq.ft.

What is the land classification for Zion garden?

Zion garden is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

How do stamp duty and registration fees work for properties in Zion garden?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total charges would amount to Rs 67,230.

Which office handles property registrations for Zion garden?

The Sunguvarchattram Sub Registrar Office is responsible for property registrations in Zion garden, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu.