Guideline Value for GANGA CAUVERY FLATS

Ganga Cauvery Flats guideline value

The current guideline value of Ganga Cauvery Flats is Rs 8,200 per sq.ft, effective from 1 July 2024. This property is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ganga Cauvery Flats has changed

The guideline value for Ganga Cauvery Flats has seen significant changes over the years. In 2002, the value was Rs 1,056 per sq.ft, which increased to Rs 1,205 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 1,750 per sq.ft in 2007, reflecting a 45% increase. Following this, the value surged to Rs 7,500 per sq.ft in 2012, showing a remarkable 329% increase. However, it decreased to Rs 5,025 per sq.ft in 2017, a decline of 33%. The value then increased significantly to Rs 7,500 per sq.ft in 2023, before reaching the current figure of Rs 8,200 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 677%. Notably, there are no figures available for the revisions of the years not listed in the register for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value is Rs 4,900 per sq.ft, positioning Ganga Cauvery Flats above this median.

• GANGA CAVERY FLATS (Except Block No.373, 374 Facing 19th Main Road): Rs 13,200 per sq.ft (2024)
• GANGA CAVERY FLATS (Thirumangalam Road) (Block No.373, 374): Rs 8,200 per sq.ft (2024)
• Gangadhara Naicken Street: Rs 3,300 per sq.ft (2024)
• GEETHANJALI FLATS (7th AVENUE): Rs 13,200 per sq.ft (2024)
• Embar Naidu Street: Rs 2,200 per sq.ft (2024)
• Embar Naidu Main Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Cauvery Flats

For a 1,000 sq.ft plot at the current rate of Rs 8,200 per sq.ft, the guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, totaling Rs 7,38,000. 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 further calculations.

Which Sub Registrar Office covers Ganga Cauvery Flats?

The Ganga Cauvery Flats are covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is crucial when registering a property in Villivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction reflects a fair value as per government standards.

When you buy or sell property, the guideline value helps in assessing the financial obligations involved in the transaction. Buyers should be aware of this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Ganga Cauvery Flats?

The current guideline value of Ganga Cauvery Flats is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,056 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, showing an overall increase of 677% over this period.

What is the stamp duty for property in Ganga Cauvery Flats?

The stamp duty for property in Ganga Cauvery Flats is 7% of the guideline value, which for a 1,000 sq.ft plot amounts to Rs 5,74,000.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that the property is registered at a value that reflects government standards.