Guideline Value for G.R.GARDEN PHASE-II

G.R.Garden Phase-II guideline value

The current guideline value of G.R.Garden Phase-II is Rs 700 per sq.ft. It is located in Pullilyon village under the Redhills SRO, classified as Residential Class I Type - III.

How the guideline value of G.R.Garden Phase-II has changed

The guideline value for G.R.Garden Phase-II has remained consistent at Rs 700 per sq.ft since the 2023 revision. The 2024 revision also reflects this same value, indicating no change from the previous year.

Prior to the 2023 revision, there are no figures available for G.R.Garden Phase-II from the revisions in 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from 2023 and 2024.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of G.R.Garden Phase-II.

• G.R.Garden Phase-I: Rs 700 per sq.ft (2024)
• G.R. Haroon Ullasa City Nagar: Rs 770 per sq.ft (2024)
• Gopal Nagar: Rs 770 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 770 per sq.ft (2024)
• Jawaharlal Nagar: Rs 2,200 per sq.ft (2024)
• Jawahar Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in G.R.Garden Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.R.Garden Phase-II?

The Sub Registrar Office that covers G.R.Garden Phase-II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pullilyon, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property, it is important to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of G.R.Garden Phase-II?

The current guideline value of G.R.Garden Phase-II is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of G.R.Garden Phase-II?

G.R.Garden Phase-II is classified as Residential Class I Type - III, which indicates its designation for residential use.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 7,00,000, the stamp duty is Rs 49,000 and the registration fee is Rs 14,000, totaling Rs 63,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for properties in Pullilyon?

The Redhills Sub Registrar Office is responsible for handling registrations for properties in Pullilyon, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.