Guideline Value for DR GS GARDEN

Dr Gs Garden guideline value

The current guideline value of Dr Gs Garden is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Mambakkam village and falls under the Madurandakam SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Dr Gs Garden has changed

The guideline value of Dr Gs Garden has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 700 per sq.ft. In 2017, this figure decreased to Rs 469 per sq.ft, marking a decline of 33%. However, the value increased significantly to Rs 700 per sq.ft in 2023, and further rose to Rs 770 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mambakkam

In Mambakkam village, there are 26 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 770 per sq.ft, with a median value of Rs 330 per sq.ft. Dr Gs Garden's 2024 figure is above this median.

• Dharshan Nagar: Rs 330 per sq.ft (2024)
• Anna Nagar: Rs 330 per sq.ft (2024)
• Anani Narasammal Nagar: Rs 330 per sq.ft (2024)
• Mambakkam Bajanaikoil Street: Rs 330 per sq.ft (2024)
• Mambakkam Gurukulam: Rs 330 per sq.ft (2024)
• Mambakkam Kattu Colony: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Dr Gs Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr Gs Garden?

The Madurandakam Sub Registrar Office covers Dr Gs Garden. The office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Mambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dr Gs Garden?

The current guideline value of Dr Gs Garden is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Dr Gs Garden?

The land classification of Dr Gs Garden is Commercial Class I Type - I.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Dr Gs Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 53,900 based on the guideline value of Rs 7,70,000.