Guideline Value for CG Palm Meadows E Block

CG Palm Meadows E Block guideline value

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

The guideline value has undergone several revisions over the years. In 2007, the guideline value was Rs 420 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision. However, in 2017, the value dropped to Rs 536 per sq.ft. The most recent revision in 2023 saw a rise to Rs 800 per sq.ft again. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Analyzing the changes between revisions, from 2007 to 2012, there was a substantial increase of 90%. However, from 2012 to 2017, the value decreased by 33%. The most notable change occurred from 2017 to 2023, where the guideline value increased by 49%. Overall, from 2007 to 2023, the guideline value has increased by 90%.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. CG Palm Meadows E Block is situated in this locality, which is governed by the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty, charged at 7%, would be Rs 56,000, and the registration fee at 2% would be Rs 16,000. Therefore, the total cost for stamp duty and registration fee 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CG Palm Meadows E Block?

The Sub Registrar Office that covers CG Palm Meadows E Block is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Vengadamangalam. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty. 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 E Block?

The current guideline value of CG Palm Meadows E Block is Rs 800 per sq.ft, based on 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 for CG Palm Meadows E Block?

CG Palm Meadows E Block is classified as Residential Special Type - II, which indicates 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, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 800 per sq.ft would incur a total guideline value of Rs 8,00,000, resulting in a stamp duty of Rs 56,000.