Guideline Value for Ganga Garden A

Ganga Garden A guideline value

The current guideline value of Ganga Garden A in Santhavellur_C village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification and is registered with the Sunguvarchattram SRO.

How the guideline value of Ganga Garden A has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. It remained the same at Rs 300 per sq.ft in the 2023 revision and continued at Rs 300 per sq.ft in the 2024 revision, indicating no change from 2023 to 2024. The overall change from 2017 to 2024 is an increase of 49%.

The register has no figures for Ganga Garden A for the years 2002, 2003, 2007, and 2012. Therefore, the only revisions available are from 2017, 2023, and 2024.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, making Ganga Garden A's 2024 figure below that 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, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 precise calculations.

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 details.

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

The guideline value is a crucial factor in property transactions in Santhavellur_C, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

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 at Rs 300 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024.

What is the land classification for Ganga Garden A?

Ganga Garden A is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Ganga Garden A located?

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