Guideline Value for AlanKar Garden

AlanKar Garden guideline value

The current guideline value of AlanKar Garden is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Avoor village under the Ponneri Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of AlanKar Garden has changed

The guideline value for AlanKar Garden has seen several revisions over the years. In the 2017 revision, the value was set at Rs 67 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 100 per sq.ft. The 2024 revision has maintained this rate, showing no change from the previous year, resulting in an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The guideline value has consistently been Rs 100 per sq.ft since the 2023 revision.

Guideline values in Avoor

Avoor village has 10 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 100 per sq.ft, with a median of Rs 100 per sq.ft. AlanKar Garden's 2024 figure is equal to this median.

• A R Garden: Rs 100 per sq.ft (2024)
• Green City Extension: Rs 100 per sq.ft (2024)
• Icipl Estates: Rs 100 per sq.ft (2024)
• Immanuvel Garden: Rs 100 per sq.ft (2024)
• Jesus Avenue: Rs 100 per sq.ft (2024)
• Raja Rajeshwari Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in AlanKar Garden

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, resulting in Rs 7,000, and the registration fee at 2% amounts to Rs 2,000, totaling Rs 9,000. The duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AlanKar Garden?

The AlanKar Garden property 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 Avoor

The guideline value plays a significant role during the registration of property in Avoor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of AlanKar Garden?

The current guideline value of AlanKar Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and has remained the same in 2024. This represents a 49% increase overall from 2017 to 2024.

What are the other streets in Avoor with the same guideline value?

Other streets in Avoor also have a guideline value of Rs 100 per sq.ft for 2024, including A R Garden, Green City Extension, Icipl Estates, Immanuvel Garden, Jesus Avenue, and Raja Rajeshwari Avenue.

What are the stamp duty and registration fees for properties in AlanKar Garden?

For a property with a guideline value of Rs 1,00,000, the stamp duty is Rs 7,000, and the registration fee is Rs 2,000, totaling Rs 9,000.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.