Guideline Value for GOWRI CHANDRAN GARDEN

Gowri Chandran Garden guideline value

The current guideline value of Gowri Chandran Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village under the Neelankarai SRO and is classified as Residential Class III Type - I.

How the guideline value of Gowri Chandran Garden has changed

The guideline value for Gowri Chandran Garden has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following that, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and finally, it is now Rs 1,100 per sq.ft as per the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Gowri Chandran Garden is below this median.

• Govind Ram Garden: Rs 1,100 per sq.ft (2024)
• Grp Avenue: Rs 1,100 per sq.ft (2024)
• Guna Seelan Garden: Rs 1,100 per sq.ft (2024)
• Hasaaranbi/Hasan Moulana Garden: Rs 1,100 per sq.ft (2024)
• Gnanasekaran Thottam: Rs 1,700 per sq.ft (2024)
• Imrankhan Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gowri Chandran Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gowri Chandran Garden?

The Gowri Chandran Garden is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthandi. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately with the government.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the state collects appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gowri Chandran Garden?

The current guideline value of Gowri Chandran Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is now Rs 1,100 per sq.ft in 2024.

What is the land classification of Gowri Chandran Garden?

Gowri Chandran Garden is classified as Residential Class III Type - I.

What are the other streets in Uthandi with the same guideline value?

Other streets in Uthandi with a guideline value of Rs 1,100 per sq.ft include Govind Ram Garden, Grp Avenue, Guna Seelan Garden, Hasaaranbi/Hasan Moulana Garden, and Imrankhan Garden.

Where can I find the Sub Registrar Office for Gowri Chandran Garden?

The Sub Registrar Office covering Gowri Chandran Garden is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.