Guideline Value for Angaline Garden

Angaline Garden guideline value

The current guideline value of Angaline Garden, located in Arambakkam village under the Gooduvancheri SRO, is Rs 600 per sq.ft. The land classification for this area is Residential Special Type - I.

How the guideline value of Angaline Garden has changed

The guideline value for Angaline Garden has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged in the subsequent 2017 revision, which also recorded Rs 600 per sq.ft. However, the 2017 revision marked a significant increase of 49% from the previous figure of Rs 402 per sq.ft recorded in 2012. Following this, the 2023 revision again maintained the value at Rs 600 per sq.ft, and this figure will carry forward into the 2024 revision, which also remains at Rs 600 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 600 per sq.ft. The changes between the revisions highlight a fluctuation with a decrease of 33% from 2012 to 2017, followed by a stable period where the value did not change from 2017 to 2024.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft, with a median value of Rs 600 per sq.ft. Angaline Garden's 2024 guideline value is equal to this median.

• Anna Theru: Rs 800 per sq.ft (2024)
• Balagangadara Thilak Nagar: Rs 600 per sq.ft (2024)
• Cittirai Nagar: Rs 402 per sq.ft (2024)
• D.A. Colony: Rs 600 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 500 per sq.ft (2024)
• Dr. Radha Krishnan Extension: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Angaline Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is calculated at 7%, which totals Rs 42,000, and the registration fee is set at 2%, amounting to Rs 12,000. Together, the total cost for stamp duty and registration fee would be Rs 54,000. It is important to note that 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 Angaline Garden?

The Sub Registrar Office that covers Angaline Garden is 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 more information.

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

The guideline value is an essential figure used during the registration process of property transactions in Arambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than subjective market assessments.

When buying or selling property, it is crucial to be aware of the guideline value as it directly affects the financial obligations involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Angaline Garden?

The current guideline value of Angaline Garden is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase from Rs 402 per sq.ft in 2017. The register has no figures for the years 2002, 2003, and 2007.

What is the land classification for Angaline Garden?

The land classification for Angaline Garden is Residential Special Type - I.

How is stamp duty calculated for properties in Angaline Garden?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property with a guideline value of Rs 6,00,000 would incur a stamp duty of Rs 42,000.

Where can I find the Sub Registrar Office for Angaline Garden?

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