Guideline Value for G G GARDEN

G G Garden guideline value

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

How the guideline value of G G Garden has changed

The guideline value for G G Garden has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 150 per sq.ft. This increased to Rs 100 per sq.ft in 2017, then remained stable at Rs 200 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the guideline value saw significant changes. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 100%, and from 2023 to 2024, it remained unchanged at +0%. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Ullaur

In addition to G G Garden, other streets in Ullaur also have their respective guideline values. G G Garden's guideline value of Rs 200 per sq.ft places it in a competitive position within the village. The following are the guideline values for other streets in Ullaur:

• Sri Andal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in G G Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G G Garden?

The Sub Registrar Office that covers G G Garden is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ullaur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property transactions.

When registering a property, the guideline value is used to calculate the fees, which are charged on the higher of the guideline value or the sale price. This ensures that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of G G Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then to Rs 200 per sq.ft in both 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the classification of G G Garden?

G G Garden is classified as Residential Class I Type - II, indicating its designation for residential use within the area.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for G G Garden?

The Walajabad Sub Registrar Office covers G G Garden and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.