Guideline Value for DREAM VILLA GARDEN

Dream Villa Garden guideline value

The current guideline value of Dream Villa Garden in Kizhakottyur village, under the Gooduvancheri SRO, is Rs 2,762 per sq.ft. The land classification for this area is Mixed Special Type - II.

How the guideline value of Dream Villa Garden has changed

The guideline value for Dream Villa Garden has seen several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 2,762 per sq.ft, which is a significant increase from the 2017 revision of Rs 1,850 per sq.ft. This change reflects a 49% increase over the six-year period.

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Thus, the only two revisions with figures are from 2017 and 2023.

Guideline values in Kizhakottyur

Currently, there are no specific village figures provided for Kizhakottyur. Dream Villa Garden is part of this locality, which is under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Dream Villa Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,762 per sq.ft, the total guideline value amounts to Rs 27,62,000. The stamp duty at 7% would be Rs 1,93,340, and the registration fee at 2% would be Rs 55,240. Together, the total cost for stamp duty and registration would be Rs 2,48,580. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dream Villa Garden?

The Sub Registrar Office that covers Dream Villa Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kizhakottyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the stamp duty and registration fees are calculated based on the higher of the guideline value or the agreed sale price.

During the registration process, the guideline value ensures that the property is assessed at a fair rate, which helps in maintaining transparency in real estate transactions. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dream Villa Garden?

The current guideline value of Dream Villa Garden is Rs 2,762 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,850 per sq.ft to Rs 2,762 per sq.ft, which is a 49% increase.

Are there any guideline value figures for 2024?

No, the register does not have a figure for the guideline value of Dream Villa Garden for the year 2024.

What are the stamp duty and registration fees for a property in Dream Villa Garden?

For a property valued at Rs 27,62,000, the stamp duty would be Rs 1,93,340 and the registration fee would be Rs 55,240, totaling Rs 2,48,580.

Which office handles the registration for Dream Villa Garden?

The registration for Dream Villa Garden is handled by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.