Guideline Value for A.G.M. GREEN GARDEN

A.G.M. Green Garden guideline value

The current guideline value of A.G.M. Green Garden is Rs 501 per sq.ft, effective from 1 July 2024. This property is located in Thadaperumbakkam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of A.G.M. Green Garden has changed

The guideline value for A.G.M. Green Garden has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which increased to Rs 134 per sq.ft in 2017. This was a decrease of 33%. The value then rose significantly to Rs 300 per sq.ft in 2023, marking an increase of 124%. The most recent revision in 2024 has set the guideline value at Rs 501 per sq.ft, reflecting a substantial increase of 67% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 151%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value is Rs 501 per sq.ft, making A.G.M. Green Garden's 2024 figure equal to this median.

• Ali Nagar: Rs 1,500 per sq.ft (2024)
• Aarumuga Mudaliyar Nagar Extention: Rs 600 per sq.ft (2024)
• Aam Avenue: Rs 600 per sq.ft (2024)
• Annai Abirami Nagar: Rs 501 per sq.ft (2024)
• Annamalai Nagar: Rs 600 per sq.ft (2024)
• Arumuga Mudaliar Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in A.G.M. Green Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total fees to Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.G.M. Green Garden?

The Sub Registrar Office that covers A.G.M. Green 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 Thadaperumbakkam

The guideline value is a crucial factor when registering property in Thadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of A.G.M. Green Garden?

The current guideline value of A.G.M. Green Garden is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, reflecting an overall increase of 151% over this period.

What is the land classification of A.G.M. Green Garden?

A.G.M. Green Garden is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for A.G.M. Green Garden?

The Sub Registrar Office for A.G.M. Green Garden is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 501 per sq.ft would incur a total fee of Rs 45,090.