Guideline Value for GURU KIRUBA GARDEN

Guru Kiruba Garden guideline value

The current guideline value of Guru Kiruba Garden is Rs 935 per sq.ft. It is located in Vilingiyambakkam village under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Guru Kiruba Garden has changed

The guideline value for Guru Kiruba Garden has seen several revisions over the years. In 2012, the value was Rs 850 per sq.ft, which then decreased to Rs 569 per sq.ft in 2017. Following this, the value increased significantly to Rs 850 per sq.ft in 2023, and further rose to Rs 935 per sq.ft in the 2024 revision, effective from 1 July 2024. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the 2024 figure for Guru Kiruba Garden. Below are the guideline values for other streets in Vilingiyambakkam:

• Govindaraji St: Rs 935 per sq.ft (2024)
• Immanuel St: Rs 935 per sq.ft (2024)
• G.N.Samy St: Rs 1,310 per sq.ft (2024)
• Ganesh Nagar: Rs 1,310 per sq.ft (2024)
• Gandhi Street Thiruvalluvar Nagar: Rs 935 per sq.ft (2024)
• Gandhi Nagar (West): Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Kiruba Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty, charged at 7%, would amount to Rs 65,450, while the registration fee at 2% would be Rs 18,700. Together, these fees total Rs 84,150. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guru Kiruba Garden?

The Sub Registrar Office that covers Guru Kiruba Garden is 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 Vilingiyambakkam

The guideline value is a crucial factor in the registration process of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees during the sale or purchase of property.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Guru Kiruba Garden?

The current guideline value of Guru Kiruba Garden is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft, which is also the current value for Guru Kiruba Garden.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Tamil Nadu is typically charged at 7% of the guideline value or sale price, whichever is higher.

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

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