Guideline Value for CASTLE VALLEY

Castle Valley guideline value

The current guideline value of Castle Valley is Rs 700 per sq.ft. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Castle Valley has changed

The guideline value for Castle Valley has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. However, in the 2017 revision, it decreased to Rs 469 per sq.ft, representing a decrease of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 700 per sq.ft, marking a 49% increase from the 2017 figure.

Overall, when comparing the values from 2012 to 2023, there has been no change, as the guideline value remains at Rs 700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Castle Valley is one of the streets in this area, and there are no other streets in Vengadamangalam under the Gooduvancheri SRO provided.

Stamp duty and registration fee for property in Castle Valley

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Castle Valley?

The Gooduvancheri Sub Registrar Office covers Castle Valley. The address is 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

When buying or selling property in Vengadamangalam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used to calculate the applicable duties based on the size of the property.

At the time of registration, buyers and sellers must ensure that the transaction adheres to the guideline value, as it is the basis for calculating the financial obligations associated with the property transfer. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Castle Valley?

The current guideline value of Castle Valley is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, and back to Rs 700 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What are the stamp duty and registration fees for property in Castle Valley?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office covers Castle Valley?

The Gooduvancheri Sub Registrar Office covers Castle Valley, located on Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Vengadamangalam?

Currently, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.