Guideline Value for CG Palm Meadows F Block

CG Palm Meadows F Block guideline value

The current guideline value of CG Palm Meadows F Block is Rs 800 per sq.ft. This property is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

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

The guideline value of CG Palm Meadows F Block has undergone several revisions over the years. The earliest recorded value in the register is from 2007, set at Rs 420 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a significant rise of 90%. However, in 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The most recent revision in 2023 saw the guideline value return to Rs 800 per sq.ft, representing 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 available for Vengadamangalam. CG Palm Meadows F Block is the only street mentioned under the Gooduvancheri SRO. There are no other streets in Vengadamangalam listed in the provided data.

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

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers CG Palm Meadows F Block?

The Sub Registrar Office that covers CG Palm Meadows F Block is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 critical factor in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher of the guideline value or the sale price is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of CG Palm Meadows F 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 seen several changes, starting from Rs 420 per sq.ft in 2007, increasing to Rs 800 in 2012, dropping to Rs 536 in 2017, and finally returning to Rs 800 in 2023.

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

The land classification for CG Palm Meadows F Block is 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, Guduvancheri-603202, Chengalpattu registration zone.

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

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%.