Guideline Value for GK GARDEN

Gk Garden guideline value

The current guideline value of Gk Garden in Melmaruvathur village is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Acchirapakkam SRO and is classified as Mixed Type - I.

How the guideline value of Gk Garden has changed

The guideline value for Gk Garden has remained consistent at Rs 500 per sq.ft since the 2023 revision. The 2024 revision has also set the value at Rs 500 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street as per the register.

Guideline values in Melmaruvathur

In Melmaruvathur, three streets under the Acchirapakkam SRO have a 2024 guideline value ranging from Rs 500 to Rs 600 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Gk Garden's 2024 figure below that median.

• Maruvoor Avenue Phase I II III IV: Rs 600 per sq.ft (2024)
• Navasakthi Nagar: Rs 600 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total of Rs 45,000. It's 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 Gk Garden?

The Gk Garden area is covered by the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Melmaruvathur. It serves as a basis for calculating stamp duty and registration fees, which are mandatory during property transactions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gk Garden?

The current guideline value of Gk Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gk Garden has remained at Rs 500 per sq.ft since the 2023 revision, with no changes noted in the previous revisions for this street.

What are the other streets with guideline values in Melmaruvathur?

Other streets in Melmaruvathur include Maruvoor Avenue Phase I II III IV and Navasakthi Nagar, both of which have a guideline value of Rs 600 per sq.ft as of 2024.

What are the stamp duty and registration fees for properties in Gk Garden?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Gk Garden located?

The Acchirapakkam Sub Registrar Office, which covers Gk Garden, is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.