Guideline Value for G.M.GARDEN

G.M.Garden guideline value

The current guideline value of G.M.Garden is Rs 1,250 per sq.ft, effective from 1 July 2024. This area is located in Ruthrakodi village and falls under the Thirukazhukundram SRO. The land classification for this property is Residential Special Type - I.

How the guideline value of G.M.Garden has changed

The guideline value for G.M.Garden has remained consistent at Rs 1,250 per sq.ft since the 2023 revision and continues at the same rate for the 2024 revision. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 to the 2024 revision, there has been no change in the guideline value, maintaining a steady rate of Rs 1,250 per sq.ft. This consistency indicates stability in the valuation for this area.

Guideline values in Ruthrakodi

G.M.Garden is part of the broader context of guideline values in Ruthrakodi. The only other street in Ruthrakodi with a specified guideline value is:

• Siva Sakthi Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in G.M.Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, totaling Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.M.Garden?

The Sub Registrar Office that covers G.M.Garden is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ruthrakodi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of G.M.Garden?

The current guideline value of G.M.Garden is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,250 per sq.ft since the 2023 revision. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for G.M.Garden?

The land classification for G.M.Garden is Residential Special Type - I.

What is the stamp duty rate for properties in G.M.Garden?

The stamp duty for properties in G.M.Garden is charged at a rate of 7% on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for G.M.Garden located?

The Sub Registrar Office that covers G.M.Garden is located at Thiruchengode - 637 211, Chengalpattu registration zone.