Guideline Value for Bougan Villa Extension

Bougan Villa Extension guideline value

The current guideline value for Bougan Villa Extension in Vengadamangalam village is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Special Type - III.

How the guideline value of Bougan Villa Extension has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. However, in the 2023 revision, the guideline value increased to Rs 1,000 per sq.ft again. The register has no figures for the revisions in 2002, 2003, and 2007, as well as for 2024.

From 2012 to 2017, there was a decrease of 33%, followed by an increase of 49% from 2017 to 2023. Overall, from 2012 to 2023, the guideline value has remained the same, at Rs 1,000 per sq.ft.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Bougan Villa Extension is one of the streets in this area, and there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Bougan Villa Extension

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, which totals Rs 70,000, and the registration fee is charged at 2%, amounting to Rs 20,000. Together, the total fees would be Rs 90,000. It is important to note that the 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 Bougan Villa Extension?

The Bougan Villa Extension falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-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 is a crucial factor when registering property transactions in Vengadamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are applied fairly based on the property's assessed value.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property should be registered. This value is essential for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bougan Villa Extension?

The current guideline value of Bougan Villa Extension 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 seen fluctuations, with Rs 1,000 per sq.ft in 2012, decreasing to Rs 670 per sq.ft in 2017, and then returning to Rs 1,000 per sq.ft in 2023.

What is the land classification for Bougan Villa Extension?

Bougan Villa Extension is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same value. For example, for a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.