Guideline Value for Gimberly Garden

Gimberly Garden guideline value

The current guideline value of Gimberly Garden is Rs 2,200 per sq.ft. It is located in Kolapakkam village under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Gimberly Garden has changed

The guideline value of Gimberly Garden has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

Between the revisions, there have been notable changes. From 2023 to 2024, the guideline value increased by 10%. The increase from 2017 to 2023 was 49%, and overall, from 2017 to 2024, the guideline value rose by 64%.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as Gimberly Garden's 2024 figure.

• Good Will Avenue: Rs 2,200 per sq.ft (2024)
• Gandhi Street: Rs 1,650 per sq.ft (2024)
• Ganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Essra Nagar: Rs 3,290 per sq.ft (2024)
• Jayapriya Nagar: Rs 2,200 per sq.ft (2024)
• Dharmaraja koil Street (ward 4): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gimberly Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gimberly Garden?

The Gimberly Garden area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kolapakkam

The guideline value plays a crucial role during the registration of property transactions in Kolapakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable fees. This ensures that the transaction is recorded at a value that reflects the official rates set by the authorities.

Frequently asked questions

What is the current guideline value of Gimberly Garden?

The current guideline value of Gimberly Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Gimberly Garden?

Gimberly Garden is classified as Residential Class II Type - I according to the land classification records.

What are the stamp duty rates for property in Gimberly Garden?

The stamp duty for property in Gimberly Garden is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Kolapakkam?

The Pammal Sub Registrar Office handles property registrations in Kolapakkam. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.