Guideline Value for DAVID GARDEN

David Garden guideline value

The current guideline value of David Garden in Uthandi village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Neelankarai Sub Registrar Office and is classified as Residential Class III Type - I.

How the guideline value of David Garden has changed

The guideline value for David Garden has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the Rs 670 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, indicating that the guideline value of David Garden is below the median.

• Danis Hotel Properties: Rs 1,100 per sq.ft (2024)
• Colony Gangaiamman Koil Street (E.C.R.): Rs 2,800 per sq.ft (2024)
• Dhamodharam Garden: Rs 1,100 per sq.ft (2024)
• Dhanalakshmi Garden: Rs 1,100 per sq.ft (2024)
• Dhanasekaran Garden: Rs 1,100 per sq.ft (2024)
• Chengani Amman Koil West Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in David Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers David Garden?

The David Garden area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Uthandi. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which is essential for taxation and legal purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of David Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 1,100 per sq.ft in 2024. Significant changes include a 49% increase from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification of David Garden?

David Garden is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in David Garden?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers the registration for David Garden?

The Neelankarai Sub Registrar Office covers the registration for David Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.