Guideline Value for CG Palm Meadows B Block

CG Palm Meadows B Block guideline value

The current guideline value of CG Palm Meadows B Block is Rs 800 per sq.ft, as per the 2023 revision. This property is located in Vengadamangalam village and falls under the Gooduvancheri SRO, with a land classification of Residential Special Type - II.

How the guideline value of CG Palm Meadows B Block has changed

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

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 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 B Block is part of this locality, which is governed by the Gooduvancheri SRO.

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

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

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers CG Palm Meadows B Block?

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

To find your SRO, you can 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 need to be paid to the government.

When a property transaction occurs, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of CG Palm Meadows B Block is Rs 800 per sq.ft, according to 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 are the stamp duty and registration fees for properties in CG Palm Meadows B Block?

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

Which Sub Registrar Office covers CG Palm Meadows B Block?

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

Is there any guideline value for the years 2002 and 2003 for this street?

No, the register has no figures available for the years 2002 and 2003 for CG Palm Meadows B Block.