Guideline Value for FARZANA GARDEN

Farzana Garden guideline value

The current guideline value of Farzana Garden is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Thirupalaivanam 1 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Farzana Garden has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure increased to Rs 200 per sq.ft in the 2023 revision, marking a 49% increase over the six-year period. The 2024 revision has maintained the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value.

Guideline values in Thirupalaivanam 1

In Thirupalaivanam 1, there are nine streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 134 to Rs 200 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the 2024 figure for Farzana Garden.

• Kamatchi Amman Nagar Annex-III: Rs 200 per sq.ft (2024)
• A.R.Nagar: Rs 200 per sq.ft (2024)
• Ambal Garden Block I II III IV V: Rs 134 per sq.ft (2024)
• Makkah Garden: Rs 200 per sq.ft (2024)
• Mecca Garden: Rs 200 per sq.ft (2024)
• Nithyasri Nagar Project I,II: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Farzana Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. 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 accurate calculations.

Which Sub Registrar Office covers Farzana Garden?

The Sub Registrar Office covering Farzana Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirupalaivanam 1

The guideline value is a crucial factor in property transactions in Thirupalaivanam 1, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Farzana Garden?

The current guideline value of Farzana Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The value remained the same from 2023 to 2024.

What is the land classification of Farzana Garden?

Farzana Garden is classified as Residential Class II Type - I.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total fees would be Rs 18,000.