Guideline Value for Aura Space

Aura Space guideline value

The current guideline value of Aura Space in Vengadamangalam village, under the Gooduvancheri SRO, is Rs 800 per sq.ft. The land classification for this area is Residential Special Type - II.

How the guideline value of Aura Space has changed

Over the years, the guideline value of Aura Space has seen several revisions. In 2007, the value was Rs 355 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 125% rise. However, the value then dropped to Rs 536 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure.

From 2007 to 2023, the overall change in guideline value is an increase of 125%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Aura Space is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Aura Space

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Aura Space?

The Sub Registrar Office that covers Aura Space 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 Vengadamangalam

The guideline value plays a crucial role when buying or selling property in Vengadamangalam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value serves as a baseline for these calculations.

When a property transaction occurs, the stamp duty is charged based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Aura Space?

The current guideline value of Aura Space is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 355 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What is the land classification for Aura Space?

Aura Space is classified as Residential Special Type - II, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Aura Space?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 72,000, based on the current guideline value of Rs 800 per sq.ft.

Which Sub Registrar Office covers Aura Space?

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