Guideline Value for GARDEN CITY

Garden City guideline value

The current guideline value of Garden City, located in Pavoonchoor village, is Rs 250 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification. The property is registered under the Cheyyur Sub Registrar Office (SRO).

How the guideline value of Garden City has changed

The guideline value for Garden City has remained consistent at Rs 250 per sq.ft since the 2023 revision, which also listed the value at Rs 250 per sq.ft. Prior to this, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the recent 2024 revision, the guideline value was set at Rs 250 per sq.ft, reflecting a change of +0% from the previous year. This consistency indicates stability in the guideline value for this locality over the past two years.

Guideline values in Pavoonchoor

In Pavoonchoor, there are four streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 250 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Garden City above this median.

• Pandurangapuram Phase-II: Rs 200 per sq.ft (2024)
• Siva Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Venkata Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Garden City

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. 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 detailed calculations.

Which Sub Registrar Office covers Garden City?

The Garden City property is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Pavoonchoor. It is used to determine the stamp duty and registration fees that must be paid when buying or selling a property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Garden City?

The current guideline value of Garden City is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Garden City has remained at Rs 250 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the other streets in Pavoonchoor?

Other streets in Pavoonchoor under the Cheyyur SRO include Pandurangapuram Phase-II, Siva Sakthi Nagar, and Sri Venkata Nagar, all of which have a 2024 guideline value of Rs 200 per sq.ft.

How is stamp duty calculated in Garden City?

Stamp duty in Garden City is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.

Where can I find the Cheyyur Sub Registrar Office?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.