Guideline Value for Bogun Villa

Bogun Villa guideline value

The current guideline value for Bogun Villa in Vengadamangalam village, under the Gooduvancheri SRO, is Rs 1,000 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - III.

How the guideline value of Bogun Villa has changed

The guideline value for Bogun Villa has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 355 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 182% rise. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, representing a 33% decline. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, resulting in a 49% increase from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 182%. 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 available for Vengadamangalam. The guideline value for Bogun Villa is part of the overall residential classification in this area.

Stamp duty and registration fee for property in Bogun Villa

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, while the registration fee at 2% would be Rs 20,000. Together, these fees would total Rs 90,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For additional calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bogun Villa?

The Bogun Villa area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find more information about your specific SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid upon the transfer of property ownership.

When a property is registered, the higher value between the guideline value and the actual sale price is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for Bogun Villa?

The current guideline value for Bogun Villa 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 355 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Bogun Villa?

The land classification for Bogun Villa is Residential Special Type - III.

What are the stamp duty and registration fees for a property in Bogun Villa?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Gooduvancheri Sub Registrar Office located?

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