Guideline Value for TEACHERS GARDEN

Teachers Garden guideline value

The current guideline value of Teachers Garden is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Ayanallur village and falls under the Gummidipoondi SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Teachers Garden has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Teachers Garden. The revisions that do have figures are from 2023 and 2024, both set at Rs 100 per sq.ft. The change from 2023 to 2024 shows an increase of 0%.

In summary, the guideline value has remained consistent at Rs 100 per sq.ft in the last two revisions. The absence of figures in earlier revisions indicates that there was no recorded change for those years.

Guideline values in Ayanallur

Currently, there are no specific village figures available for Ayanallur. Teachers Garden is the only street mentioned in the Gummidipoondi SRO for which guideline values are provided.

Stamp duty and registration fee for property in Teachers 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 at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost for these fees to Rs 9,000. It is important 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 Teachers Garden?

The Sub Registrar Office that covers Teachers Garden is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ayanallur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Teachers Garden?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

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

For a property valued at Rs 1,00,000, the stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. This is based on the current guideline value.

Where is the Gummidipoondi SRO located?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the local registration department and is used to calculate the stamp duty and registration fees during property transactions. It is based on the classification of the land and is updated periodically.