Guideline Value for GURU GARDEN

Guru Garden guideline value

The current guideline value of Guru Garden is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Palapoor village and falls under the Chengleput Joint II SRO. The land classification for this property is Residential Class I Type - II.

How the guideline value of Guru Garden has changed

According to the guideline value register, there have been revisions in the guideline value for Guru Garden. The 2024 revision maintains the value at Rs 100 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, with an increase of 0%. Thus, the guideline value has remained consistent at Rs 100 per sq.ft over the last two revisions.

Guideline values in Palapoor

In Palapoor, the guideline value for Guru Garden is Rs 100 per sq.ft. Other streets in Palapoor under the Chengleput Joint II SRO include:

• Kalviyalaya Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making a total of Rs 9,000. 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 Guru Garden?

The Guru Garden area is covered by 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 Palapoor

The guideline value is a crucial factor during the registration process when buying or selling property in Palapoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

When a buyer or seller approaches the registration office, the guideline value helps in determining the financial obligations associated with the transaction. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Guru Garden?

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

How has the guideline value changed over the years?

The guideline value for Guru Garden has remained at Rs 100 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register.

What is the land classification for Guru Garden?

The land classification for Guru Garden is Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Guru Garden?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

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