Guideline Value for CG Palm Meadows C Block

CG Palm Meadows C Block guideline value

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

Over the years, the guideline value for CG Palm Meadows C Block has seen several revisions. The 2007 revision set the value at Rs 420 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 90% rise. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, a decrease of 33% from the previous figure. The most recent revision in 2023 brought the guideline value back up to Rs 800 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 90%. 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. CG Palm Meadows C Block is the only street mentioned under the Gooduvancheri SRO, and there are no other streets in Vengadamangalam listed.

Stamp duty and registration fee for property in CG Palm Meadows C 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, making the total cost for these fees 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 detailed calculations.

Which Sub Registrar Office covers CG Palm Meadows C Block?

The Gooduvancheri Sub Registrar Office covers CG Palm Meadows C Block. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the 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, which are mandatory during the sale or purchase of property.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. 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 C Block?

The current guideline value of CG Palm Meadows C 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 420 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

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

CG Palm Meadows C Block is classified as Residential Special Type - II, indicating 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, Guduvanchery-603202, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in CG Palm Meadows C Block?

Stamp duty is 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 stamp duty would be Rs 56,000 at 7% of Rs 8,00,000.