Guideline Value for Bogun Villa I & II

Bogun Villa I & II guideline value

The current guideline value for Bogun Villa I & II is Rs 1,000 per sq.ft. This property is located in Vengadamangalam village, under the Gooduvancheri Sub Registrar Office. The land classification for this area is Residential Special Type - III.

How the guideline value of Bogun Villa I & II has changed

The guideline value for Bogun Villa I & II has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. However, this figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. The most recent revision in 2023 brought the guideline value back up to Rs 1,000 per sq.ft.

From the 2017 revision to the 2023 revision, there was an increase of 49%. In contrast, the change from the 2012 to the 2017 revision saw a decrease of 33%. Overall, comparing the 2012 to the 2023 revisions, the guideline value remained the same at Rs 1,000 per sq.ft.

Guideline values in Vengadamangalam

Currently, there are no other guideline values provided for Vengadamangalam village. Bogun Villa I & II is the only street mentioned in the available data.

Stamp duty and registration fee for property in Bogun Villa I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty is calculated at 7%, which amounts to Rs 70,000, and the registration fee is charged at 2%, totaling Rs 20,000. Together, the total cost for stamp duty and registration fee is Rs 90,000. 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 Bogun Villa I & II?

The Gooduvancheri Sub Registrar Office covers Bogun Villa I & II. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your specific Sub Registrar Office, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Vengadamangalam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the registration process. This value is essential for compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

What is the current guideline value for Bogun Villa I & II?

The current guideline value for Bogun Villa I & II is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 10,00,000, the total stamp duty and registration fee would amount to Rs 90,000.

Which Sub Registrar Office covers Bogun Villa I & II?

The Gooduvancheri Sub Registrar Office covers Bogun Villa I & II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu 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 assess the stamp duty and registration fees during property transactions. It ensures that the sale price or guideline value is used for calculating the applicable fees, whichever is higher.