Guideline Value for raj garden

Raj Garden guideline value

The current guideline value of Raj Garden in Nenmeli village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Raj Garden has changed

In 2012, the guideline value for Raj Garden was Rs 500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was also Rs 500 per sq.ft. However, in the 2017 revision, the value had previously decreased from Rs 335 per sq.ft in 2017. The 2023 revision maintained the value at Rs 500 per sq.ft, and the same value was carried over to the 2024 revision, resulting in a change of +0% from 2023 to 2024.

Overall, from 2012 to 2024, the guideline value has not changed, staying at Rs 500 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Nenmeli

Nenmeli village has a total of 53 streets under the Chengleput Joint I SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value in this village is Rs 612 per sq.ft, placing Raj Garden's 2024 figure below that median.

• Rajeswari Nagar: Rs 550 per sq.ft (2024)
• Ram Ravi Nagar: Rs 800 per sq.ft (2024)
• Reputes Prosperity Avenue: Rs 600 per sq.ft (2024)
• P.T.S.Nagar: Rs 500 per sq.ft (2024)
• Sai City: Rs 800 per sq.ft (2024)
• Sailakshmi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Raj Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that 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 information.

Which Sub Registrar Office covers Raj Garden?

The Sub Registrar Office that covers Raj Garden is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nenmeli. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

When a property is registered, the guideline value is used to determine the applicable fees, which are charged on the higher of the guideline value or the sale price. This process ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Raj Garden?

The current guideline value of Raj Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Raj Garden has remained at Rs 500 per sq.ft since 2012, with no changes in 2023 and 2024. There was a previous drop to Rs 335 per sq.ft in 2017.

What is the land classification of Raj Garden?

Raj Garden is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Raj Garden located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Raj Garden?

Stamp duty for properties in Raj Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft incurs a total stamp duty of Rs 35,000.