Guideline Value for CHARAN GARDEN

Charan Garden guideline value

The current guideline value for Charan Garden, located in New Gummidipoondi village under the Gummidipoondi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Charan Garden has changed

Since the register has no figure for Charan Garden for the years 2002, 2003, 2007, 2012, and 2017, the first recorded guideline value is from the 2023 revision, which was Rs 400 per sq.ft. The most recent revision in 2024 shows an increase to Rs 440 per sq.ft, reflecting a change of +10% from the previous year.

The 2023 revision marked the first recorded value for Charan Garden, while the 2024 revision indicates a significant upward adjustment. This change highlights the evolving guideline value for this locality.

Guideline values in New Gummidipoondi

Currently, there are no specific village figures provided for New Gummidipoondi. Charan Garden is part of the Gummidipoondi SRO, which oversees the guideline values for this area.

Stamp duty and registration fee for property in Charan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Charan Garden?

The Gummidipoondi Sub Registrar Office covers Charan Garden and is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. For further details, you can find your SRO.

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

The guideline value is a crucial factor during property registration in New Gummidipoondi. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Charan Garden?

The current guideline value of Charan Garden is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, marking a change of +10%.

What is the land classification for Charan Garden?

Charan Garden is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where is the Gummidipoondi Sub Registrar Office located?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is stamp duty calculated for properties in Charan Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.