Guideline Value for GARDENS

Gardens guideline value

The current guideline value of Gardens in Nalambakkam village, under the Gooduvancheri SRO, is Rs 1,300 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Gardens has changed

The guideline value for Gardens has seen significant changes over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 871 per sq.ft. In the subsequent revision of 2023, this value increased to Rs 1,300 per sq.ft, marking a change of +49% from the previous figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. The current value reflects the most recent update from 2023.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. The Gardens street is classified under the Gooduvancheri SRO. Below are the other streets in Nalambakkam:

Stamp duty and registration fee for property in Gardens

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gardens?

The Gardens area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Nalambakkam. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value is considered alongside the sale price to calculate the applicable fees. Buyers should be aware that the higher amount between the guideline value and the sale price will be used for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Gardens?

The current guideline value of Gardens is Rs 1,300 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 871 per sq.ft to the 2023 revision of Rs 1,300 per sq.ft, the guideline value has increased by +49%.

Are there any guideline values for previous years?

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Gardens.

What are the stamp duty and registration fees for a property in Gardens?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,17,000.

Where is the Sub Registrar Office for Gardens located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.