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 300 per sq.ft, effective from 1 July 2024. This property is located in Thadaperumbakkam_2 village under the Ponneri SRO and is 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 undergone several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which remained unchanged in the 2023 revision. The current 2024 revision maintains the value at Rs 300 per sq.ft, representing a significant increase of 124% from the 2017 figure.

Between the 2023 and 2024 revisions, there has been no change in the guideline value, remaining at Rs 300 per sq.ft. Additionally, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the current guideline value of A.G.M. Green Garden.

• Aarumuga Mudaliyar Nagar Extention: Rs 600 per sq.ft (2024)
• Annai Abirami Nagar: Rs 300 per sq.ft (2024)
• Annamalai Nagar: Rs 300 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Chennai City: Rs 400 per sq.ft (2024)
• Devaki Green Garden: Rs 400 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 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. 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 detailed calculations.

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

The A.G.M. Green Garden is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value plays a crucial role during the registration process of property transactions in Thadaperumbakkam_2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the buyer must pay duties based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 124%. The value has remained constant at Rs 300 per sq.ft from 2023 to 2024.

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

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

Which office handles registrations for properties in Thadaperumbakkam_2?

The Ponneri Sub Registrar Office handles registrations for properties in Thadaperumbakkam_2, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in A.G.M. Green Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.