Guideline Value for Ganga Garden A

Ganga Garden A guideline value

The current guideline value of Ganga Garden A in Santhavellur village is Rs 305 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Ganga Garden A has changed

The guideline value for Ganga Garden A has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017. From 2017 to 2023, the value increased significantly by 49%, reaching Rs 300 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 305 per sq.ft, reflecting a 2% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Ganga Garden A. Overall, from 2012 to 2024, the guideline value has increased by 2%.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which means Ganga Garden A's 2024 figure is below that median.

• Ganga Garden: Rs 200 per sq.ft (2024)
• Ganga Garden B: Rs 305 per sq.ft (2024)
• Ganga Garden C: Rs 305 per sq.ft (2024)
• Indira Gandhi Street: Rs 200 per sq.ft (2024)
• Jacob Garden: Rs 569 per sq.ft (2024)
• JBM Independence Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Garden A

For a 1,000 sq.ft plot at the current guideline value of Rs 305 per sq.ft, the total guideline value would be Rs 3,05,000. The stamp duty at 7% would amount to Rs 21,350, and the registration fee at 2% would be Rs 6,100, bringing the total cost for these fees to Rs 27,450. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganga Garden A?

The Sub Registrar Office covering Ganga Garden A is the Sunguvarchattram Sub Registrar Office. The address is Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid based on the property's value.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This value is used to calculate the fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Ganga Garden A?

The current guideline value of Ganga Garden A is Rs 305 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 305 per sq.ft in 2024.

What is the median guideline value in Santhavellur?

The median guideline value for streets in Santhavellur is Rs 500 per sq.ft, with Ganga Garden A's value being below this median.

What are the stamp duty and registration fees for Ganga Garden A?

The stamp duty for a 1,000 sq.ft plot at the current guideline value would be Rs 21,350, and the registration fee would be Rs 6,100, totaling Rs 27,450 for these fees.

Where can I find the Sub Registrar Office for Ganga Garden A?

The Sub Registrar Office for Ganga Garden A is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.