Guideline Value for Ganga Garden

Ganga Garden guideline value

The current guideline value of Ganga Garden in Kilkattalai village, under the Pallavaram SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Ganga Garden has changed

The guideline value for Ganga Garden has seen several revisions over the years. In 2003, the value was Rs 233 per sq.ft, which increased to Rs 400 per sq.ft in 2007. Following that, the value surged to Rs 1,800 per sq.ft in 2012, but then decreased to Rs 1,206 per sq.ft in 2017. The 2023 revision set the value at Rs 1,800 per sq.ft, leading to a current rate of Rs 1,980 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 750%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Kilkattalai

Kilkattalai village features 194 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for the village is Rs 2,530 per sq.ft, placing Ganga Garden's 2024 figure below this median.

• Ganesh Nagar: Rs 4,125 per sq.ft (2024)
• Ganga Nagar: Rs 3,080 per sq.ft (2024)
• Gandhi Street: Rs 3,080 per sq.ft (2024)
• Gandhi Road: Rs 2,200 per sq.ft (2024)
• Gandhi Nagar Main Road: Rs 4,125 per sq.ft (2024)
• Gandhi Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total charges together to Rs 1,78,200. 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?

The Ganga Garden area is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid by the buyer. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. Ensuring you have the correct information can help avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Ganga Garden?

The current guideline value of Ganga Garden is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 233 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 750% over this period.

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

The stamp duty is calculated at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,78,200.

Which Sub Registrar Office covers Ganga Garden?

The Pallavaram Sub Registrar Office covers Ganga Garden, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What other streets are in Kilkattalai?

Other streets in Kilkattalai include Ganesh Nagar, Ganga Nagar, Gandhi Street, Gandhi Road, Gandhi Nagar Main Road, and Gandhi Nagar 3rd Cross Street, each with their respective guideline values for 2024.