Guideline Value for A.L.S. Garden

A.L.S. Garden guideline value

The current guideline value of A.L.S. Garden in Mannivakkam village is Rs 1,320 per sq.ft, effective from the 2024 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of A.L.S. Garden has changed

The guideline value for A.L.S. Garden has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, there was a decrease to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 428%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mannivakkam

Mannivakkam has a total of 118 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,215 per sq.ft, placing A.L.S. Garden's 2024 guideline value above the median.

• Ambethkar Street: Rs 770 per sq.ft (2024)
• Amman Nagar: Rs 990 per sq.ft (2024)
• Andal Nagar: Rs 1,320 per sq.ft (2024)
• Anna Street: Rs 990 per sq.ft (2024)
• As Avenue: Rs 330 per sq.ft (2024)
• Ashtalakhmi Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in A.L.S. Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% is Rs 92,400, and the registration fee at 2% is Rs 26,400, totaling Rs 1,18,800. 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.L.S. Garden?

The A.L.S. Garden area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Mannivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid by the buyer at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the authorities. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of A.L.S. Garden?

The current guideline value of A.L.S. Garden is Rs 1,320 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 428% over the years.

What is the median guideline value in Mannivakkam?

The median guideline value for the 118 streets in Mannivakkam is Rs 1,215 per sq.ft, with A.L.S. Garden's value being above this median.

What are the stamp duty and registration fees for A.L.S. Garden?

The stamp duty is calculated at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees amount to Rs 1,18,800.

Which office handles the registration for A.L.S. Garden?

The Gooduvancheri Sub Registrar Office handles the registration for A.L.S. Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.