Guideline Value for GRACY GARDEN

Gracy Garden guideline value

The current guideline value of Gracy Garden, located in Mamandoor village under the Chengleput Joint II SRO, is Rs 500 per sq.ft. This value is effective from the 2024 revision, which classifies the land as Residential Special Type - II.

How the guideline value of Gracy Garden has changed

In the 2023 revision, the guideline value for Gracy Garden was Rs 500 per sq.ft, which remains unchanged in the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Therefore, the guideline value has not experienced any changes between the 2023 and 2024 revisions, reflecting a consistent rate of Rs 500 per sq.ft over these two years.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,200 per sq.ft, with the median value being Rs 500 per sq.ft. Gracy Garden's 2024 figure aligns with this median value.

• Green City: Rs 400 per sq.ft (2024)
• G.S.T Brithavanam Co-Op Nagar: Rs 800 per sq.ft (2024)
• Iyappan Nagar: Rs 500 per sq.ft (2024)
• Express Avenue: Rs 400 per sq.ft (2024)
• Jayam Nagar: Rs 800 per sq.ft (2024)
• Chennai Avenue Phase -VI: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gracy Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, which equals Rs 35,000, and the registration fee at 2% amounts to Rs 10,000. Together, the total cost for these fees is Rs 45,000. 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 Gracy Garden?

The Gracy Garden area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Mamandoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on a fair valuation of the property.

When buying or selling property, the guideline value is referenced to ascertain the legal and financial obligations involved in the transaction. This helps in maintaining transparency and consistency in the property registration process.

Frequently asked questions

What is the current guideline value of Gracy Garden?

The current guideline value of Gracy Garden is Rs 500 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Gracy Garden from 2023 to 2024, as it has remained at Rs 500 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Gracy Garden?

Gracy Garden is classified as Residential Special Type - II, which is relevant for determining its guideline value and related regulations.

How do I calculate stamp duty for a property in Gracy Garden?

Stamp duty for a property in Gracy Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,00,000 incurs a stamp duty of Rs 35,000 at 7%.

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

The Sub Registrar Office covering Gracy Garden is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the relevant link.