Guideline Value for CMDA -GUDALOOR SCHEME BLOCK NO.8

Cmda -Gudaloor Scheme Block No.8 guideline value

The current guideline value for Cmda -Gudaloor Scheme Block No.8 is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Goodaloor village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Cmda -Gudaloor Scheme Block No.8 has changed

Since the 2002 revision, the register has no figures for this street until the 2023 revision, which set the guideline value at Rs 750 per sq.ft. The 2024 revision increased this value to Rs 825 per sq.ft, marking a change of +10% from the previous year.

There are no figures for the years 2003, 2007, 2012, and 2017 in the register for this street. The most recent revisions show a clear increase in the guideline value from Rs 750 in 2023 to Rs 825 in 2024.

Guideline values in Goodaloor

In Goodaloor village, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median value is Rs 660 per sq.ft, placing the Cmda -Gudaloor Scheme Block No.8's 2024 figure above this median.

• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Coodalur Village (Ward -9): Rs 825 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 550 per sq.ft (2024)
• Easwaran Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Balaji Avenue (Ward -9): Rs 825 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Cmda -Gudaloor Scheme Block No.8

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, while the registration fee at 2% would be Rs 16,500, leading to a total cost of Rs 74,250. Duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cmda -Gudaloor Scheme Block No.8?

The Cmda -Gudaloor Scheme Block No.8 falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of properties in Goodaloor. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable by the buyer.

When a property is sold, the guideline value helps in assessing the legal and financial obligations involved in the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of the sale.

Frequently asked questions

What is the current guideline value for Cmda -Gudaloor Scheme Block No.8?

The current guideline value for Cmda -Gudaloor Scheme Block No.8 is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 750 per sq.ft in 2023 to Rs 825 per sq.ft in 2024, marking a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the classification of land in Cmda -Gudaloor Scheme Block No.8?

The land in Cmda -Gudaloor Scheme Block No.8 is classified as Residential Class I Type - I. This classification is important for understanding the permissible uses of the land.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a plot of 1,000 sq.ft, the total costs would amount to Rs 74,250, including both fees.

Where can I find the Sub Registrar Office for Cmda -Gudaloor Scheme Block No.8?

The Chengleput Joint II Sub Registrar Office, which covers Cmda -Gudaloor Scheme Block No.8, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details about your SRO through the provided link.