Guideline Value for A R GARDEN

A R Garden guideline value

The current guideline value of A R Garden, located in Avoor village under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification.

How the guideline value of A R Garden has changed

The guideline value for A R Garden has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 100 per sq.ft, which was also the case in the 2023 revision. Prior to these, in the 2017 revision, the guideline value was Rs 67 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Avoor

Avoor village has 10 streets under the Ponneri SRO that carry a guideline value of Rs 100 per sq.ft as of 2024. The guideline value for A R Garden is equal to the median value of Rs 100 per sq.ft for the village.

• AlanKar Garden: Rs 100 per sq.ft (2024)
• Green City Extension: Rs 100 per sq.ft (2024)
• Icipl Estates: Rs 100 per sq.ft (2024)
• Immanuvel Garden: Rs 100 per sq.ft (2024)
• Jesus Avenue: Rs 100 per sq.ft (2024)
• Raja Rajeshwari Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in A R Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, totaling Rs 7,000, and the registration fee is 2%, amounting to Rs 2,000. Together, the total fees would be Rs 9,000. Duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers A R Garden?

The Sub Registrar Office that covers A R Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Avoor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A R Garden?

The current guideline value of A R Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for A R Garden has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for A R Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,00,000. The stamp duty is Rs 7,000 and the registration fee is Rs 2,000, totaling Rs 9,000.

Which office handles registrations for A R Garden?

The Ponneri Sub Registrar Office handles registrations for A R Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. The higher of the guideline value or the sale price is considered for calculating these fees.