Guideline Value for Ganga Garden B

Ganga Garden B guideline value

The current guideline value of Ganga Garden B is Rs 300 per sq.ft. This property is located in Santhavellur_C village, 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 remained stable at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing a change of +0%. Prior to this, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, marking an increase of 49% to the 2023 figure.

It is important to note that there are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 2,000 per sq.ft, with a median of Rs 350 per sq.ft. 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 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, making a total of 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 further calculations.

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_C

The guideline value is a critical factor during the registration of property transactions in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When you register a property, the authorities will assess the guideline value to ensure that the appropriate taxes are applied. This ensures transparency and compliance with local regulations during property transactions.

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 has the guideline value changed over the years?

The guideline value for Ganga Garden B has remained the same at Rs 300 per sq.ft from the 2023 revision to the 2024 revision. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, a change of 49%.

What is the land classification for Ganga Garden B?

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

Where can I find the registration office for Ganga Garden B?

The registration office for Ganga Garden B 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 B?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, leading to a stamp duty of Rs 21,000 at 7%.