Guideline Value for GITA GARDEN

Gita Garden guideline value

The current guideline value for Gita Garden is Rs 2,209 per sq.ft as per the 2023 revision. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Gita Garden has changed

Looking at the revisions, the guideline value for Gita Garden was Rs 1,480 per sq.ft in the 2017 revision. The most recent revision in 2023 shows an increase to Rs 2,209 per sq.ft, marking a significant change of 49% over the six-year period.

The register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only available figures are from 2017 and 2023.

Guideline values in Nalambakkam

Currently, there are no specific guideline values provided for other streets in Nalambakkam. The Gita Garden guideline value sits at Rs 2,209 per sq.ft, reflecting the most recent update.

Stamp duty and registration fee for property in Gita Garden

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 22,09,000. The stamp duty at 7% would be Rs 1,54,630, and the registration fee at 2% would be Rs 44,180, bringing the total to Rs 1,98,810. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gita Garden?

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

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 determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gita Garden?

The current guideline value of Gita Garden is Rs 2,209 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,480 per sq.ft in 2017 to Rs 2,209 per sq.ft in 2023, representing a 49% increase over that period.

Are there any guideline values for other streets in Nalambakkam?

No specific guideline values are provided for other streets in Nalambakkam at this time.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,98,810, based on the current guideline value of Rs 22,09,000.

Where is the Gooduvancheri Sub Registrar Office located?

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