Guideline Value for IMMANUVEL GARDEN

Immanuvel Garden guideline value

The current guideline value of Immanuvel Garden, located in Avoor village under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Immanuvel Garden has changed

The guideline value for Immanuvel Garden has seen several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, marking a substantial increase of 49% from 2017 to 2023, and maintaining the same value in the following year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The guideline value remained consistent at Rs 100 per sq.ft from 2023 to 2024, indicating no change during that period.

Guideline values in Avoor

Avoor village has 10 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with a median value of Rs 100 per sq.ft. Immanuvel Garden's 2024 figure aligns with this median value.

• Icipl Estates: Rs 100 per sq.ft (2024)
• Green City Extension: Rs 100 per sq.ft (2024)
• Jesus Avenue: Rs 100 per sq.ft (2024)
• A R Garden: Rs 100 per sq.ft (2024)
• AlanKar Garden: Rs 100 per sq.ft (2024)
• Raja Rajeshwari Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Immanuvel Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, resulting in Rs 7,000, and the registration fee at 2% amounts to Rs 2,000. Together, the total cost for stamp duty and registration fee would be Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Immanuvel Garden?

The Sub Registrar Office that covers Immanuvel Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process when buying or selling property in Avoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official rates set by the government.

When a property transaction occurs, the guideline value is used to assess the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Immanuvel Garden?

The current guideline value of Immanuvel Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and remained the same in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

What are the stamp duty and registration fees in Immanuvel Garden?

For a property valued at Rs 1,00,000, the stamp duty is Rs 7,000 and the registration fee is Rs 2,000, totaling Rs 9,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Immanuvel Garden?

The Ponneri Sub Registrar Office covers Immanuvel Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Immanuvel Garden?

Immanuvel Garden falls under the land classification of Residential Class II Type - I.