Guideline Value for GARDEN TOWN

Garden Town guideline value

The current guideline value of Garden Town, located in Parivakkam village under the Poonamallee SRO, is Rs 3,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Garden Town has changed

The guideline value for Garden Town has remained consistent over the years. The 2017 revision recorded a guideline value of Rs 3,500 per sq.ft, which was also the figure in the subsequent revisions of 2023 and 2024. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value did not change, remaining at Rs 3,500 per sq.ft. Similarly, the transition from the 2023 revision to the 2024 revision also saw no change, with the guideline value still at Rs 3,500 per sq.ft. Overall, the guideline value from 2017 to 2024 has seen a 0% change.

Guideline values in Parivakkam

In Parivakkam, there are 31 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 6,750 per sq.ft. The median guideline value for the village is Rs 1,800 per sq.ft, placing Garden Town's 2024 figure above this median.

• Fairmont Estates: Rs 2,000 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 660 per sq.ft (2024)
• Devi Karumari Amman Nagar: Rs 660 per sq.ft (2024)
• Krishna Nagar Phase I: Rs 1,800 per sq.ft (2024)
• Krishna Nagar Phase II: Rs 1,800 per sq.ft (2024)
• Krishna Nagar Phase III: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Garden Town

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, leading to a total cost of Rs 3,15,000. It is important to note that the 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 Garden Town?

The Sub Registrar Office that covers Garden Town is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial reference point during property registration in Parivakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is bought or sold, the guideline value serves as a benchmark for calculating the associated costs. It is essential for buyers to understand that the stamp duty is based on the higher value between the guideline value and the actual sale price, which can impact the total expenditure during the transaction.

Frequently asked questions

What is the current guideline value of Garden Town?

The current guideline value of Garden Town is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Garden Town has remained at Rs 3,500 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Garden Town?

The land classification for Garden Town is Residential Special Type - III, indicating its designated use within the area.

What are the stamp duty and registration fees for properties in Garden Town?

For a property valued at Rs 35,00,000, the stamp duty would be Rs 2,45,000 and the registration fee would be Rs 70,000, totaling Rs 3,15,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Garden Town?

The Sub Registrar Office for Garden Town is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your specific SRO through the provided link.