Guideline Value for GEMINI ASTER

Gemini Aster guideline value

The current guideline value of Gemini Aster is Rs 1,500 per sq.ft. This property is located in Polacheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Gemini Aster has changed

The guideline value for Gemini Aster has remained stable over the years. In the 2017 revision, the guideline value was set at Rs 1,500 per sq.ft, which is the same as the current 2023 revision value. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

From 2017 to 2023, there was no change in the guideline value, reflecting a consistent valuation of Rs 1,500 per sq.ft. This stability indicates that the guideline value has not fluctuated during this period.

Guideline values in Polacheri

Currently, there are no specific guideline values provided for other streets in Polacheri. Gemini Aster is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Gemini Aster

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gemini Aster?

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

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Polacheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

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 duties and fees. This ensures that the registration reflects a value that is consistent with the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Gemini Aster?

The current guideline value of Gemini Aster is Rs 1,500 per sq.ft, as per the 2023 revision.

Have there been any changes in the guideline value recently?

No changes have occurred in the guideline value from the 2017 revision to the 2023 revision, as both have the same value of Rs 1,500 per sq.ft.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is stamp duty calculated for properties in Gemini Aster?

Stamp duty for properties in Gemini Aster is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,500 per sq.ft incurs a total stamp duty of Rs 1,05,000.

Are there any other streets in Polacheri with guideline values?

Currently, there are no specific guideline values provided for other streets in Polacheri. Gemini Aster is the only street mentioned under the Gooduvancheri SRO.