Guideline Value for GORTI GREEN GARDEN

Gorti Green Garden guideline value

The current guideline value of Gorti Green Garden is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Thachoor_2 village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Gorti Green Garden has changed

In the 2023 revision, the guideline value was set at Rs 300 per sq.ft. The subsequent 2024 revision increased this value by 33%, bringing it to Rs 400 per sq.ft. For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street.

The significant change from 2023 to 2024 reflects a rise in the guideline value, indicating adjustments in property valuation. The current value of Rs 400 per sq.ft positions Gorti Green Garden at a competitive rate within the local market.

Guideline values in Thachoor_2

Thachoor_2 village has 40 streets under the Ponneri SRO, with guideline values ranging from Rs 202 to Rs 1,800 per sq.ft. The median guideline value in this area is Rs 600 per sq.ft, making Gorti Green Garden's 2024 figure below that median.

• Illaihi Nagar: Rs 400 per sq.ft (2024)
• Ganesh Garden: Rs 800 per sq.ft (2024)
• Jai Nagar: Rs 600 per sq.ft (2024)
• Kandan Nagar: Rs 800 per sq.ft (2024)
• K.P.K. Nagar: Rs 202 per sq.ft (2024)
• Balasubramaniyam Nagar: Rs 1,195 per sq.ft (2024)

Stamp duty and registration fee for property in Gorti Green Garden

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gorti Green Garden?

The Sub Registrar Office that covers Gorti Green Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is a crucial factor when registering property transactions in Thachoor_2. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable by the buyer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official assessment, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Gorti Green Garden?

The current guideline value of Gorti Green Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 300 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, marking a 33% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Thachoor_2?

The median guideline value in Thachoor_2 is Rs 600 per sq.ft, with Gorti Green Garden's current value being below this median.

What are the stamp duty rates applicable in Gorti Green Garden?

The stamp duty rate applicable in Gorti Green Garden is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Gorti Green Garden?

The Ponneri Sub Registrar Office covers Gorti Green Garden and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO through the provided link.