Guideline Value for CG Palm Meadows D Block

CG Palm Meadows D Block guideline value

The current guideline value of CG Palm Meadows D Block is Rs 800 per sq.ft. 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 D Block has changed

The guideline value for CG Palm Meadows D Block has undergone several revisions over the years. In 2007, the value was set at Rs 420 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, in 2017, the value decreased to Rs 536 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 800 per sq.ft again, reflecting a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, 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 provided for Vengadamangalam. CG Palm Meadows D Block is the only street mentioned in the available data for this area.

• none given

Stamp duty and registration fee for property in CG Palm Meadows D 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 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers CG Palm Meadows D Block?

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

For more information, you can find your SRO.

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

When buying or selling property in Vengadamangalam, the guideline value is an important factor that determines the stamp duty and registration fees. It is essential to ensure that the sale price is compared with the guideline value, as the higher amount will be used to calculate the applicable fees.

At the time of registration, the guideline value serves as a benchmark for property transactions, ensuring that the fees are calculated accurately based on the prevailing rates in the area.

Frequently asked questions

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

The current guideline value of CG Palm Meadows D 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 returned to Rs 800 per sq.ft in 2023.

What is the land classification for CG Palm Meadows D Block?

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 56,000.