Guideline Value for Aadhithya Garden Part II

Aadhithya Garden Part II guideline value

The current guideline value for Aadhithya Garden Part II is Rs 380 per sq.ft. This property is located in Thervali village, under the Gummidipoondi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Aadhithya Garden Part II has changed

The guideline value for Aadhithya Garden Part II has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 234 per sq.ft. This value increased significantly to Rs 350 per sq.ft in 2023, marking a 50% rise. As of the 2024 revision, the guideline value has further increased to Rs 380 per sq.ft, reflecting a 9% change from the previous year. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. This consistent rise indicates a notable shift in the valuation of properties in this area over the years.

Guideline values in Thervali

In Thervali, there are four streets under the Gummidipoondi SRO that carry a 2024 guideline value. The values range from Rs 250 to Rs 440 per sq.ft, with the median value being Rs 380 per sq.ft. Aadhithya Garden Part II's 2024 guideline value is equal to this median.

• Iswaryam Gaden: Rs 380 per sq.ft (2024)
• Prakash Nagar: Rs 250 per sq.ft (2024)
• Raja Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhithya Garden Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value amounts to Rs 3,80,000. The stamp duty, charged at 7%, would be Rs 26,600, while the registration fee at 2% would be Rs 7,600, bringing the total cost for these fees to Rs 34,200. 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 details.

Which Sub Registrar Office covers Aadhithya Garden Part II?

The Aadhithya Garden Part II area falls under the jurisdiction of the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thervali. It is used as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value for Aadhithya Garden Part II?

The current guideline value for Aadhithya Garden Part II is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, and now to Rs 380 per sq.ft in 2024, marking a total increase of 62% from 2017 to 2024.

What are the stamp duty and registration fees for properties in Aadhithya Garden Part II?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 26,600 and the registration fee would be Rs 7,600, totaling Rs 34,200.

Which office handles registrations for Aadhithya Garden Part II?

The Gummidipoondi Sub Registrar Office handles registrations for Aadhithya Garden Part II, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

What is the land classification for Aadhithya Garden Part II?

Aadhithya Garden Part II is classified as Residential Class II Type - I, indicating its designated use for residential purposes.