Guideline Value for Gowri KeerthiVasan Garden

Gowri KeerthiVasan Garden guideline value

The current guideline value of Gowri KeerthiVasan Garden is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Mannivakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Gowri KeerthiVasan Garden has changed

The guideline value of Gowri KeerthiVasan Garden has seen several revisions over the years. The earliest available figure is from 2007, where the rate was Rs 400 per sq.ft. This increased to Rs 900 per sq.ft in 2012, representing a 125% rise. However, it then decreased to Rs 603 per sq.ft in 2017, marking a decline of 33%. The value saw a significant increase to Rs 900 per sq.ft in 2023, followed by another increase to Rs 990 per sq.ft in 2024, which is a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 148%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,215 per sq.ft, placing the guideline value of Gowri KeerthiVasan Garden below this median.

• Gopal Nagar: Rs 1,320 per sq.ft (2024)
• Indirani Nagar: Rs 990 per sq.ft (2024)
• Ganapathy Nagar: Rs 990 per sq.ft (2024)
• Indrani Ramachandran Avenue: Rs 770 per sq.ft (2024)
• Jaya Nagar Extension M.G.R. Street: Rs 2,200 per sq.ft (2024)
• Jaya Nagar Extn M.G.R. Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gowri KeerthiVasan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the 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 KeerthiVasan Garden?

The Gowri KeerthiVasan Garden is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Mannivakkam, the guideline value serves as a benchmark for determining the stamp duty and registration fees. The guideline value is assessed by the local registration authority and is crucial for the legal transfer of property ownership.

It is essential to understand that the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gowri KeerthiVasan Garden?

The current guideline value of Gowri KeerthiVasan Garden is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 148% over the years.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 89,100.

Which SRO covers Gowri KeerthiVasan Garden?

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

What is the land classification of Gowri KeerthiVasan Garden?

Gowri KeerthiVasan Garden is classified as Residential Special Type - II, which influences its guideline value and property transactions.