Guideline Value for CTA Gardan

CTA Gardan guideline value

The current guideline value of CTA Gardan is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of CTA Gardan has changed

The guideline value for CTA Gardan has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, marking a significant increase of 64% from the 2017 figure.

From 2023 to 2024, the guideline value rose by 10%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

Mangadu -A has a total of 208 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which matches the current guideline value for CTA Gardan.

• CTA Colony: Rs 1,870 per sq.ft (2024)
• C.S.I. School Street: Rs 2,200 per sq.ft (2024)
• Christian Bruel Ground Road: Rs 1,540 per sq.ft (2024)
• Chinnappa Nagar: Rs 1,870 per sq.ft (2024)
• Chinna Mangadu Met Street: Rs 1,870 per sq.ft (2024)
• Chinna Mangadu Ist Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in CTA Gardan

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, leading to a total cost of Rs 1,68,300. Please note that 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 CTA Gardan?

The CTA Gardan area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value for CTA Gardan?

The current guideline value for CTA Gardan is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value for CTA Gardan has increased by 64%, from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024.

What is the registration office for CTA Gardan?

The registration office covering CTA Gardan is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in CTA Gardan?

Stamp duty for properties in CTA Gardan is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 at 7%.

What are the other streets with similar guideline values in Mangadu -A?

Other streets in Mangadu -A with similar guideline values include CTA Colony, Chinnappa Nagar, Chinna Mangadu Met Street, and Chinna Mangadu Ist Street, all at Rs 1,870 per sq.ft in 2024.