Guideline Value for Delphine Avenue

Delphine Avenue guideline value

The current guideline value of Delphine Avenue is Rs 800 per sq.ft. This street 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 Delphine Avenue has changed

Over the years, the guideline value of Delphine Avenue has undergone several revisions. The 2007 revision set the value at Rs 355 per sq.ft, which increased to Rs 800 per sq.ft in the 2012 revision, marking a significant rise of 125%. However, the 2017 revision saw a decrease to Rs 536 per sq.ft, a drop of 33%. The most recent 2023 revision has brought the guideline value back up to Rs 800 per sq.ft, reflecting an increase of 49% from the 2017 figure.

When considering the overall changes from 2007 to 2023, the guideline value has increased by 125%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Delphine Avenue's guideline value stands at Rs 800 per sq.ft. There are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Delphine Avenue

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, bringing the total to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Delphine Avenue?

The Sub Registrar Office that covers Delphine Avenue 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 plays a crucial role in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Delphine Avenue?

The current guideline value of Delphine Avenue 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 355 per sq.ft in 2007, rising 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 Delphine Avenue?

The land classification for Delphine Avenue 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 stamp duty calculated for properties in Delphine Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would have a guideline value of Rs 8,00,000, leading to a stamp duty of Rs 56,000.