Guideline Value for Defence Colony

Defence Colony guideline value

The current guideline value of Defence Colony, located in Gooduvancheri village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Defence Colony has changed

The guideline value for Defence Colony has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which remained unchanged at Rs 1,500 per sq.ft during the 2023 revision. The 2024 revision also maintains this rate, reflecting a 49% increase from the 2017 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The consistent guideline value of Rs 1,500 per sq.ft from 2023 to 2024 indicates no change during this period.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median of Rs 1,500 per sq.ft. Defence Colony's 2024 figure aligns with this median.

• Devaraj Naikkar Street: Rs 1,200 per sq.ft (2024)
• Devi Nagar: Rs 1,100 per sq.ft (2024)
• Dharmaraja Street: Rs 1,100 per sq.ft (2024)
• Chirpi Naagar I & II: Rs 1,500 per sq.ft (2024)
• Chellappa Colony: Rs 2,001 per sq.ft (2024)
• Chakarabani Street: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Defence Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost to Rs 1,35,000. It is important to note that 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 details.

Which Sub Registrar Office covers Defence Colony?

The Defence Colony area is covered by the Gooduvancheri Sub Registrar Office, located on Defence Colony Road, near the 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 Gooduvancheri

The guideline value plays a crucial role during the registration process of property transactions in Gooduvancheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value for Defence Colony?

The current guideline value for Defence Colony is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2024, marking a 49% increase. There was no change from 2023 to 2024.

What are the guideline values of other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values, with rates ranging from Rs 1,100 to Rs 2,001 per sq.ft. Defence Colony's value aligns with the median of Rs 1,500 per sq.ft for the area.

What are the stamp duty and registration fees for properties in Defence Colony?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Defence Colony?

The Gooduvancheri Sub Registrar Office handles registrations for Defence Colony. It is located on Defence Colony Road, near the Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.