Guideline Value for Ganga Garden C

Ganga Garden C guideline value

The current guideline value of Ganga Garden C is Rs 305 per sq.ft, effective from 1 July 2024. This property is located in Santhavellur village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Ganga Garden C has changed

Over the years, the guideline value for Ganga Garden C has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which then dropped to Rs 201 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 300 per sq.ft in 2023, and then to Rs 305 per sq.ft in 2024, marking a 2% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 2%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft, with a median value of Rs 500 per sq.ft. Ganga Garden C's 2024 figure is below this median.

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

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, and 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 C?

The Ganga Garden C property falls under the jurisdiction of 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 is a crucial factor in property transactions in Santhavellur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees payable during the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Ganga Garden C?

The current guideline value of Ganga Garden C 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 to Rs 300 per sq.ft in 2023, and finally to Rs 305 per sq.ft in 2024.

What is the land classification for Ganga Garden C?

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

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

The stamp duty for a property valued at Rs 3,05,000 would be Rs 21,350, and the registration fee would be Rs 6,100, totaling Rs 27,450.

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

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