Guideline Value for CITRUS COUNTY PHASE I

Citrus County Phase I guideline value

The current guideline value for Citrus County Phase I in Mambakkam village is Rs 2,389 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Mixed Special Type - III.

How the guideline value of Citrus County Phase I has changed

The guideline value for Citrus County Phase I has seen notable changes over the years. The 2017 revision set the guideline value at Rs 1,600 per sq.ft, while the most recent 2023 revision raised it to Rs 2,389 per sq.ft, reflecting an increase of 49% over the six-year period.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only registered values we have are from 2017 and 2023.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Citrus County Phase I is part of the broader Mambakkam area, which is under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Citrus County Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,389 per sq.ft, the total guideline value amounts to Rs 23,89,000. The stamp duty at 7% would be Rs 1,67,230, and the registration fee at 2% would be Rs 47,780, resulting in a total of Rs 2,15,010. 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Citrus County Phase I?

The Citrus County Phase I area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When finalizing a sale, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Citrus County Phase I?

The current guideline value of Citrus County Phase I is Rs 2,389 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,600 per sq.ft to Rs 2,389 per sq.ft, marking a 49% rise over six years.

Are there any guideline values for earlier revisions?

There are no guideline values available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Citrus County Phase I.

What fees are associated with buying property in Citrus County Phase I?

When purchasing property in Citrus County Phase I, buyers must pay stamp duty at 7% and a registration fee at 2% based on the higher of the guideline value or the sale price.

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.