Guideline Value for Ganga Garden C

Ganga Garden C guideline value

The current guideline value of Ganga Garden C is Rs 300 per sq.ft. This property is located in Santhavellur_B village, under the Sunguvarchattram SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Ganga Garden C has changed

The guideline value for Ganga Garden C has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This value remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The most recent revision, effective from 1 July 2024, maintains this value at Rs 300 per sq.ft, indicating a 0% change from the previous year. Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street, as the register has no figure for these years.

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 guideline value for these streets is Rs 400 per sq.ft, placing Ganga Garden C's 2024 figure below that median.

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

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 at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to 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 C?

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

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ganga Garden C?

The current guideline value of Ganga Garden C 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 C has seen a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024. There were no changes recorded for the years 2002, 2003, 2007, and 2012.

What are the guideline values for other streets in Santhavellur_B?

Other streets in Santhavellur_B have varying guideline values, with rates ranging from Rs 200 to Rs 600 per sq.ft in 2024. The median for these streets is Rs 400 per sq.ft.

What fees are associated with buying property in Ganga Garden C?

When purchasing property in Ganga Garden C, the total fees include a stamp duty of 7% and a registration fee of 2%. For a plot of 1,000 sq.ft, these fees would total Rs 27,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Ganga Garden C?

The Sub Registrar Office for Ganga Garden C is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can also find your SRO online.