Guideline Value for Gangotheri Enclave

Gangotheri Enclave guideline value

The current guideline value of Gangotheri Enclave is Rs 1,000 per sq.ft. This area is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for this property is Residential Special Type - II.

How the guideline value of Gangotheri Enclave has changed

The guideline value of Gangotheri Enclave has seen several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 900% rise. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33% from the previous revision.

As of the 2023 revision, the guideline value has returned to Rs 1,000 per sq.ft, reflecting an increase of 49% from the 2017 figure. Overall, from 2007 to 2023, the guideline value has risen by 900%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

While there are no specific village figures provided for Ponmar, Gangotheri Enclave is part of this locality. Currently, there are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Gangotheri Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the 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 Gangotheri Enclave?

The Sub Registrar Office that covers Gangotheri Enclave is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Ponmar, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Gangotheri Enclave?

The current guideline value of Gangotheri Enclave is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Gangotheri Enclave?

The land classification for Gangotheri Enclave is Residential Special Type - II.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.

How is stamp duty calculated for property in Gangotheri Enclave?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 70,000.