Guideline Value for GOTHARI GARDEN

Gothari Garden guideline value

The current guideline value of Gothari Garden in Paruthipattu village, under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Gothari Garden has changed

The guideline value for Gothari Garden has undergone several revisions over the years. In 2007, the guideline value was set at Rs 350 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, representing a 243% rise. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, marking a 33% decline. The value then surged to Rs 1,500 per sq.ft in 2023, an increase of 87%, and is now at Rs 1,625 per sq.ft in the 2024 revision, reflecting an 8% rise.

It is important to note that there are no figures available in the register for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 364%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value is Rs 1,625 per sq.ft, which is the same as the value for Gothari Garden.

• Gothari Garden: Rs 1,625 per sq.ft (2024)
• Govarthanagiri Bharathi St: Rs 1,625 per sq.ft (2024)
• Govarthanagiri Govindasamy Street: Rs 1,625 per sq.ft (2024)
• Govarthnagiri Pillaiyar Koil St: Rs 1,625 per sq.ft (2024)
• Gowripettai 1st St: Rs 1,625 per sq.ft (2024)
• Gowripettai 2nd Cross St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Gothari Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, making the total cost for these fees Rs 1,46,250. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gothari Garden?

The Gothari Garden area is covered by 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 Paruthipattu

The guideline value is a crucial factor during the registration of property transactions in Paruthipattu. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that the government receives the correct revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This means that the sale price cannot be lower than the guideline value, ensuring transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Gothari Garden?

The current guideline value of Gothari Garden is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 350 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 364%.

What is the land classification for Gothari Garden?

The land classification for Gothari Garden is Residential Special Type - I.

Where can I find the Avadi Sub Registrar Office?

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

How is the stamp duty calculated for properties in Gothari Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 at a rate of 7%.