Guideline Value for G.S.R.GARDEN

G.S.R.Garden guideline value

The current guideline value of G.S.R.Garden, located in Thelliyaragaram village, is Rs 2,310 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Commercial Class I Type - II.

How the guideline value of G.S.R.Garden has changed

The guideline value of G.S.R.Garden has seen several revisions over the years. The earliest recorded value was Rs 1,999 per sq.ft in 2007. This figure increased to Rs 2,100 per sq.ft in 2012, but then dropped to Rs 1,407 per sq.ft by 2017. Following this decline, the value rose significantly to Rs 2,100 per sq.ft in 2023, and most recently, it has been set at Rs 2,310 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was substantial at 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period had a modest increase of 5%. Overall, from 2007 to 2024, the guideline value has increased by 16%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thelliyaragaram

The guideline values in Thelliyaragaram show a range from Rs 770 to Rs 3,300 per sq.ft as of 2024, with a median value of Rs 1,210 per sq.ft. The guideline value of G.S.R.Garden is above this median, indicating a higher valuation compared to other streets in the village.

• Gangaiamman Koil Street: Rs 1,100 per sq.ft (2024)
• Gangaiamman Koil Cross Street: Rs 1,100 per sq.ft (2024)
• Kakanji Street: Rs 1,320 per sq.ft (2024)
• Das Avenue: Rs 1,650 per sq.ft (2024)
• Mayana Salai: Rs 1,100 per sq.ft (2024)
• Amman Koil Street Colony: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in G.S.R.Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total cost for these fees to Rs 2,07,900. 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 further calculations.

Which Sub Registrar Office covers G.S.R.Garden?

The G.S.R.Garden area is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Thelliyaragaram. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value, helping maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of G.S.R.Garden?

The current guideline value of G.S.R.Garden is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,999 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, with various fluctuations in between.

What is the range of guideline values in Thelliyaragaram?

The guideline values in Thelliyaragaram range from Rs 770 to Rs 3,300 per sq.ft, with a median value of Rs 1,210 per sq.ft.

What are the stamp duty and registration fees for properties in G.S.R.Garden?

For a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700, and the registration fee would be Rs 46,200, totaling Rs 2,07,900.

Which office handles registrations for G.S.R.Garden?

The Chennai South Joint I Sub Registrar Office handles registrations for G.S.R.Garden, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.