Guideline Value for WEST BANK GARDEN

West Bank Garden guideline value

The current guideline value of West Bank Garden is Rs 2,100 per sq.ft as per the 2023 revision. This area falls under Kanathur Reddykuppam village and is classified as Residential Class I Type - I. The relevant Sub Registrar Office for this location is the Thiruporur SRO.

How the guideline value of West Bank Garden has changed

The guideline value for West Bank Garden has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,100 per sq.ft. However, in the 2017 revision, it decreased to Rs 1,407 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the value rise to Rs 2,100 per sq.ft again, representing an increase of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 2,100 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kanathur Reddykuppam

Currently, there are no specific village figures available for Kanathur Reddykuppam. West Bank Garden is one of the streets under the Thiruporur SRO, and there are no other streets in Kanathur Reddykuppam listed with guideline values.

Stamp duty and registration fee for property in West Bank Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers West Bank Garden?

The Sub Registrar Office that covers West Bank Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more information on how to locate your SRO here.

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

The guideline value is an important factor when registering a property in Kanathur Reddykuppam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value can influence the overall cost of the property transaction.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. It is essential for both parties to understand this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of West Bank Garden?

The current guideline value of West Bank Garden is Rs 2,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, and then back to Rs 2,100 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What is the stamp duty for property in West Bank Garden?

The stamp duty for property in West Bank Garden is calculated at 7% of the guideline value. For a plot valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Kanathur Reddykuppam with guideline values?

Currently, there are no other streets in Kanathur Reddykuppam listed with guideline values. West Bank Garden is the only street mentioned under this area.