Guideline Value for C.G. Palm Meadows

C.G. Palm Meadows guideline value

The current guideline value of C.G. Palm Meadows is Rs 800 per sq.ft, as per the 2023 revision. This property is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of C.G. Palm Meadows has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 355 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a 125% rise. However, it dropped to Rs 536 per sq.ft in the 2017 revision, a decrease of 33%. The current value of Rs 800 per sq.ft in 2023 reflects a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 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 available for Vengadamangalam. C.G. Palm Meadows is one of the properties under the Gooduvancheri SRO.

Stamp duty and registration fee for property in C.G. Palm Meadows

For a 1,000 sq.ft plot at the current rate 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 essential to note that 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 C.G. Palm Meadows?

The C.G. Palm Meadows property is covered by 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 is a crucial factor in the registration process when buying or selling property in Vengadamangalam. It determines the minimum value at which a property can be registered and influences the stamp duty and registration fees that need to be paid.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the transaction reflects a fair valuation. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of C.G. Palm Meadows?

The current guideline value of C.G. Palm Meadows 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 significantly over the years, from Rs 355 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then dropping to Rs 536 per sq.ft in 2017, and returning to Rs 800 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in C.G. Palm Meadows?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 72,000, which includes Rs 56,000 for stamp duty and Rs 16,000 for registration fee.

Which office handles the registration for C.G. Palm Meadows?

The Gooduvancheri Sub Registrar Office handles the registration for C.G. Palm Meadows, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

Is there any guideline value figure for the year 2024?

No, the register has no figure for the year 2024 for C.G. Palm Meadows.