Guideline Value for Aatchya Garden

Aatchya Garden guideline value

The current guideline value of Aatchya Garden is Rs 1,500 per sq.ft. This property is located in Vandalur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Aatchya Garden has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft, marking a decline of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting an increase of 49% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2024 in the register for this street.

Guideline values in Vandalur

Aatchya Garden is part of Vandalur, which currently does not have specific village figures available. The street is categorized under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Aatchya Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total cost together to Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Aatchya Garden?

The Aatchya Garden area falls under the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable based on the property's value.

When a property transaction occurs, the guideline value is compared to the sale price. The duty is charged on the higher of the two, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aatchya Garden?

The current guideline value of Aatchya Garden is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Aatchya Garden was Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and then returned to Rs 1,500 per sq.ft in 2023.

What is the classification of land in Aatchya Garden?

Aatchya Garden is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Aatchya Garden?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at 7%.