Guideline Value for GURU VIGNESH GARDEN

Guru Vignesh Garden guideline value

The current guideline value for Guru Vignesh Garden, located in Thonagkulam village under the Walajabad SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Guru Vignesh Garden has changed

Over the years, the guideline value for Guru Vignesh Garden has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 100 per sq.ft. The 2024 revision has also maintained this rate, showing no change from the previous year.

It is important to note that there are no figures available for the revisions from 2002, 2003, and 2007 for Guru Vignesh Garden. Therefore, the guideline value history primarily reflects the changes from 2012 onwards.

Guideline values in Thonagkulam

Currently, there are no specific village figures provided for Thonagkulam. Guru Vignesh Garden is the only street mentioned in the context of the Walajabad SRO.

Stamp duty and registration fee for property in Guru Vignesh Garden

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guru Vignesh Garden?

The Guru Vignesh Garden falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thonagkulam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for property transactions, as it ensures compliance with legal requirements and accurate fee calculations. It is advisable for potential buyers and sellers to consult the guideline value register to stay informed about the current rates.

Frequently asked questions

What is the current guideline value for Guru Vignesh Garden?

The current guideline value for Guru Vignesh 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 Vignesh Garden has remained at Rs 100 per sq.ft since 2012, with a drop to Rs 67 per sq.ft in 2017 and a return to Rs 100 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,000.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is based on the higher of the guideline value or the sale price of the property.