Guideline Value for GAYATHRI GARDEN

Gayathri Garden guideline value

The current guideline value of Gayathri Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Gayathri Garden has changed

Over the years, the guideline value of Gayathri Garden has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision and further to Rs 1,100 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a 10% increase in the guideline value.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Gayathri Garden's 2024 figure is below this median.

• Gangaiamman Koil Street (Colony): Rs 2,800 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 2,800 per sq.ft (2024)
• Gnanasekaran Thottam: Rs 1,700 per sq.ft (2024)
• Govind Ram Garden: Rs 1,100 per sq.ft (2024)
• Gowri Chandran Garden: Rs 1,100 per sq.ft (2024)
• Grp Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gayathri Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gayathri Garden?

The Gayathri Garden area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Uthandi. It helps determine the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When you buy or sell property, the guideline value is taken into account to ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Gayathri Garden?

The current guideline value of Gayathri Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Uthandi?

The median guideline value in Uthandi is Rs 1,700 per sq.ft, with Gayathri Garden's 2024 figure being below this median.

What are the stamp duty and registration fees for Gayathri Garden?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Gayathri Garden?

The Neelankarai Sub Registrar Office handles registrations for Gayathri Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.