Guideline Value for TOSHAN GARDEN

Toshan Garden guideline value

The current guideline value of Toshan Garden, located in Kavanur village under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Toshan Garden has changed

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 800 per sq.ft. The current guideline value from the 2024 revision is Rs 800 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%, maintaining the rate of Rs 800 per sq.ft.

Guideline values in Kavanur

Kavanur village has 109 streets under the Gooduvancheri SRO, with a 2024 guideline value range from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for the village is Rs 800 per sq.ft, which aligns with the current guideline value of Toshan Garden.

• Vaishnavi Nagar: Rs 700 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 800 per sq.ft (2024)
• Vatchala Garden: Rs 500 per sq.ft (2024)
• V.G.N. Southern County Phase-II: Rs 600 per sq.ft (2024)
• Vgn Southern Meadows Phase IV: Rs 2,239 per sq.ft (2024)
• Sundarambal Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Toshan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty is calculated at 7%, amounting to Rs 56,000, and the registration fee is 2%, which is Rs 16,000. Together, the total fees would be Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Toshan Garden?

The Sub Registrar Office that covers Toshan Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kavanur. It is used to determine the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is considered to ascertain the applicable fees. It serves as a benchmark for transactions, helping to standardize property values across the region.

Frequently asked questions

What is the current guideline value of Toshan Garden?

The current guideline value of Toshan Garden is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in both 2023 and 2024, reflecting a 49% increase from 2017 to 2024.

What are the other streets in Kavanur with their guideline values?

Other streets in Kavanur include Vaishnavi Nagar at Rs 700 per sq.ft, Thiruvalluvar Nagar at Rs 800 per sq.ft, Vatchala Garden at Rs 500 per sq.ft, V.G.N. Southern County Phase-II at Rs 600 per sq.ft, Vgn Southern Meadows Phase IV at Rs 2,239 per sq.ft, and Sundarambal Avenue at Rs 600 per sq.ft.

What is the stamp duty on property in Toshan Garden?

The stamp duty for property in Toshan Garden is calculated at 7% of the guideline value. For a plot valued at Rs 8,00,000, the stamp duty would be Rs 56,000.

Where is the Sub Registrar Office for Toshan Garden located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.