Guideline Value for Ganga Garden B

Ganga Garden B guideline value

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

How the guideline value of Ganga Garden B has changed

Looking at the revisions, the guideline value for Ganga Garden B has seen significant changes over the years. The earliest recorded revision is from 2017, where the value was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% increase. The 2024 revision also maintains the value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Ganga Garden B in the register. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 400 per sq.ft, indicating that Ganga Garden B's 2024 figure is below this median.

• Ganga Garden A: Rs 300 per sq.ft (2024)
• Ganga Garden C: Rs 300 per sq.ft (2024)
• Ganga Garden: Rs 200 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 B

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, totaling Rs 21,000, and the registration fee at 2% amounts to Rs 6,000. Therefore, the total fees together would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ganga Garden B?

The Sub Registrar Office that covers Ganga Garden B 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

When buying or selling property in Santhavellur_B, the guideline value plays a crucial role in determining the registration fees. The guideline value is the minimum value set by the government for properties in a specific area, and it is used to calculate the stamp duty and registration fees payable during the transaction.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the costs involved in the property transaction. The higher the guideline value, the higher the stamp duty and registration fees will be, which can significantly impact the overall expenses of the property transfer.

Frequently asked questions

What is the current guideline value of Ganga Garden B?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

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

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value is 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.

Which SRO covers Ganga Garden B?

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

How is the guideline value determined in Santhavellur_B?

The guideline value in Santhavellur_B is determined by the government and varies across different streets. It is based on various factors including the land classification and the prevailing market conditions in the area.