Guideline Value for GK GARDEN

Gk Garden guideline value

The current guideline value of Gk Garden is Rs 1,060 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class III Type - I.

How the guideline value of Gk Garden has changed

The guideline value for Gk Garden has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 971 per sq.ft, which was then increased by 9% to Rs 1,060 per sq.ft in the 2024 revision.

This change from 2023 to 2024 reflects a notable increase, marking a shift in the guideline value. The current value is significantly higher than the previous year's figure, indicating a change in the valuation of properties in this area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Gk Garden's guideline value of Rs 1,060 per sq.ft is above this median.

• Gengureddy Sanjeevi Street: Rs 840 per sq.ft (2024)
• GENGUREDDY KUPPAM to PALAVEDU ROAD: Rs 840 per sq.ft (2024)
• Gengureddy Kuppam Rose Nagar: Rs 990 per sq.ft (2024)
• Gengureddy Kuppam Nethaji Street: Rs 840 per sq.ft (2024)
• Gengureddy Kuppam Main Road: Rs 840 per sq.ft (2024)
• Gengureddy Kuppam Colony: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Gk Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,060 per sq.ft, the total guideline value would be Rs 10,60,000. The stamp duty at 7% would amount to Rs 74,200, and the registration fee at 2% would be Rs 21,200, making the total cost for these fees Rs 95,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gk Garden?

The Gk Garden area falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a critical factor in the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling a property, the guideline value impacts the calculation of stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Gk Garden?

The current guideline value of Gk Garden is Rs 1,060 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gk Garden has changed from Rs 971 per sq.ft in 2023 to Rs 1,060 per sq.ft in 2024, marking a 9% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Gk Garden?

Gk Garden is classified as Residential Class III Type - I, indicating its designation for residential use.

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

The Sub Registrar Office covering Gk Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated in Gk Garden?

Stamp duty and registration fees in Gk Garden are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur total fees of Rs 95,400.