Guideline Value for Ganga Garden B

Ganga Garden B guideline value

The current guideline value of Ganga Garden B 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 B has changed

The guideline value for Ganga Garden B has seen several revisions over the years. The earliest recorded value was Rs 300 per sq.ft in 2012. This figure then decreased to Rs 201 per sq.ft in 2017. Following this, the value increased significantly to Rs 300 per sq.ft in 2023, and finally, it rose to Rs 305 per sq.ft in 2024. The register has no figure for this street for the years 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a modest increase of 2%. 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 guideline values ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Ganga Garden B's 2024 figure below that median.

• Ganga Garden A: Rs 305 per sq.ft (2024)
• Ganga Garden C: Rs 305 per sq.ft (2024)
• Ganga Garden: Rs 200 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 B

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, while the registration fee at 2% would be Rs 6,100, bringing the total fees to Rs 27,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganga Garden B?

The Ganga Garden B property is covered by 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

The guideline value plays a crucial role in the registration process when buying or selling property in Santhavellur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented fairly and transparently.

When registering a property, the buyer needs to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps in maintaining accurate records of property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Ganga Garden B?

The current guideline value of Ganga Garden B 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 B's current value being below that median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 3,05,000, with stamp duty at Rs 21,350 and registration fee at Rs 6,100, totaling Rs 27,450.

Where is the Sunguvarchattram Sub Registrar Office located?

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