Guideline Value for Gowri Garden

Gowri Garden guideline value

The current guideline value of Gowri Garden is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Gowri Garden has changed

The guideline value for Gowri Garden has seen several revisions over the years. The earliest recorded value was Rs 400 per sq.ft in 2007, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 200% increase. However, by 2017, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,200 per sq.ft, representing a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 200%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Gowri Garden is one of the streets in Urapakkam, which is under the jurisdiction of the Gooduvancheri SRO. Currently, there are no other streets in Urapakkam listed with guideline values.

Stamp duty and registration fee for property in Gowri Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gowri Garden?

The Gowri Garden area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Urapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Urapakkam. 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 sold, 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.

Frequently asked questions

What is the current guideline value of Gowri Garden?

The current guideline value of Gowri Garden is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Gowri Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office covers Gowri Garden?

The Gooduvancheri Sub Registrar Office covers Gowri Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Urapakkam with guideline values?

Currently, there are no other streets in Urapakkam listed with guideline values, apart from Gowri Garden.