Guideline Value for CG Palm Meadows A Block

CG Palm Meadows A Block guideline value

The current guideline value of CG Palm Meadows A Block 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 CG Palm Meadows A Block has changed

The guideline value for CG Palm Meadows A Block has seen several revisions over the years. In the 2007 revision, the value was Rs 355 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 125% rise. However, by the 2017 revision, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33% from the previous revision. The most recent 2023 revision saw the guideline value return to Rs 800 per sq.ft, which is a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 125%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. CG Palm Meadows A Block is one of the properties under the Gooduvancheri SRO.

Stamp duty and registration fee for property in CG Palm Meadows A Block

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CG Palm Meadows A Block?

The Sub Registrar Office that covers CG Palm Meadows A Block is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

For more details, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements when registering property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of CG Palm Meadows A Block?

The current guideline value of CG Palm Meadows A Block 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 from Rs 355 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023.

What is the land classification of CG Palm Meadows A Block?

CG Palm Meadows A Block is classified as Residential Special Type - II.

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 72,000.