Guideline Value for G.R.GARDEN PHASE-I

G.R.Garden Phase-I guideline value

The current guideline value of G.R.Garden Phase-I is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Pullilyon village and falls under the Redhills SRO. The land classification for this property is Residential Class I Type - III.

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

According to the registration department's guideline value register, the revisions for G.R.Garden Phase-I show that there has been no figure recorded for the years 2002, 2003, 2007, 2012, and 2017. The values for the 2023 and 2024 revisions are both Rs 700 per sq.ft, indicating no change between these years.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 700 per sq.ft, which is consistent with the previous year's figure. This reflects a change of +0% from 2023 to 2024.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing G.R.Garden Phase-I at this median value.

• G.R.Garden Phase-II: 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-I

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to 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, totaling Rs 63,000. It is important to note that the 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 information.

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

The G.R.Garden Phase-I area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the transaction.

Frequently asked questions

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

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

Have there been any changes in the guideline value recently?

Yes, the guideline value for G.R.Garden Phase-I has remained unchanged at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%.

What is the land classification for G.R.Garden Phase-I?

The land classification for G.R.Garden Phase-I is Residential Class I Type - III.

How is stamp duty calculated for properties in G.R.Garden Phase-I?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 49,000.

Where can I find the Sub Registrar Office for G.R.Garden Phase-I?

The G.R.Garden Phase-I area is covered by the Redhills Sub Registrar Office located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.