Guideline Value for Ganga Garden A

Ganga Garden A guideline value

The current guideline value of Ganga Garden A is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Santhavellur_B village under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Ganga Garden A has changed

Over the years, the guideline value for Ganga Garden A has seen several revisions. The 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged in the 2023 revision, also at Rs 300 per sq.ft. The most recent revision in 2024 has kept the guideline value steady at Rs 300 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has also increased by 49%, reflecting the same figures in the recent revisions.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that have a guideline value for 2024 ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Ganga Garden A's 2024 guideline value is below this median.

• Ganga Garden: Rs 200 per sq.ft (2024)
• Ganga Garden B: Rs 300 per sq.ft (2024)
• Ganga Garden C: Rs 300 per sq.ft (2024)
• Indira Gandhi Street: Rs 200 per sq.ft (2024)
• JBM Independence nagar: Rs 500 per sq.ft (2024)
• Jothi Nagar: Rs 600 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 rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganga Garden A?

The Sub Registrar Office that covers Ganga Garden A is the Sunguvarchattram Sub Registrar Office, located at 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_B

The guideline value is a crucial factor during the registration of property transactions in Santhavellur_B. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ganga Garden A?

The current guideline value of Ganga Garden A is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 300 per sq.ft from 2023 to 2024. It was Rs 201 per sq.ft in 2017, showing a 49% increase to the current value.

What is the land classification for Ganga Garden A?

Ganga Garden A is classified as Residential Class I Type - I, indicating its designation for residential purposes.

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

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

How is the stamp duty calculated for properties in Ganga Garden A?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7% and a registration fee of Rs 6,000 at 2%, totaling Rs 27,000.