Guideline Value for FREESIA GARDEN

Freesia Garden guideline value

The current guideline value of Freesia Garden in Polacheri village under the Gooduvancheri SRO is Rs 1,200 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Freesia Garden has changed

The guideline value for Freesia Garden has seen several changes over the years. In the 2012 revision, the value was Rs 1,200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the value increased to Rs 1,200 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained the same at Rs 1,200 per sq.ft. It is important to note that for the years 2002, 2003, 2007, and 2024, the register has no figure for this street.

Guideline values in Polacheri

Currently, there are no specific village figures available for Polacheri. Freesia Garden is classified under the Gooduvancheri SRO, and there are no other streets in Polacheri listed with guideline values.

Stamp duty and registration fee for property in Freesia Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Freesia Garden?

The Freesia Garden area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor during property registration in Polacheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values will be used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Freesia Garden?

The current guideline value of Freesia Garden is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained at Rs 1,200 per sq.ft until it dropped to Rs 804 per sq.ft in 2017. It then increased back to Rs 1,200 per sq.ft in the 2023 revision.

What is the land classification for Freesia Garden?

The land classification for Freesia Garden is Residential Special Type - II, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Freesia Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty would be Rs 84,000 at 7%.