Guideline Value for GALAXY FORM

Galaxy Form guideline value

The current guideline value of Galaxy Form in Kalivanthapattu village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Thiruporur SRO and is classified as Residential Class III Type - I.

How the guideline value of Galaxy Form has changed

The guideline value for Galaxy Form has remained consistent at Rs 300 per sq.ft for both the 2023 and 2024 revisions. Prior to these revisions, the register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

From 2023 to 2024, there has been no change in the guideline value, indicating a stable valuation for this property. The consistent figure suggests that the valuation for Galaxy Form has not fluctuated in recent years.

Guideline values in Kalivanthapattu

In Kalivanthapattu, there are 19 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 605 per sq.ft, placing Galaxy Form's 2024 figure below that median.

• Dvac Staff Co-Operative Housing Society: Rs 600 per sq.ft (2024)
• Doctors Rainbow Spring: Rs 600 per sq.ft (2024)
• Green Spot: Rs 896 per sq.ft (2024)
• Baba Enclave: Rs 800 per sq.ft (2024)
• Sri Aishwaryam Nagar: Rs 896 per sq.ft (2024)
• Sri Krishna Nagar: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Galaxy Form

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Galaxy Form?

The Galaxy Form property is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kalivanthapattu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all property transactions are documented accurately.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in assessing the financial obligations associated with the transaction, including taxes and fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Galaxy Form?

The current guideline value of Galaxy Form is Rs 300 per sq.ft, effective from 1 July 2024.

When was the last revision of the guideline value?

The last revision of the guideline value for Galaxy Form was in 2024, where it remained at Rs 300 per sq.ft.

How does the guideline value compare to other streets in Kalivanthapattu?

The guideline value of Rs 300 per sq.ft for Galaxy Form is below the median value of Rs 605 per sq.ft for other streets in Kalivanthapattu.

What are the stamp duty rates for property in Galaxy Form?

The stamp duty rate for property in Galaxy Form is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Galaxy Form?

The registration for Galaxy Form is handled by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.