Guideline Value for EVK Garden

EVK Garden guideline value

The current guideline value of EVK Garden is Rs 700 per sq.ft. This property is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of EVK Garden has changed

The guideline value for EVK Garden has seen several revisions over the years. In the 2007 revision, the value was set at Rs 355 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 700 per sq.ft again, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 97%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. EVK Garden is the only street mentioned under this classification. Other streets in Vengadamangalam are not provided in the available data.

Stamp duty and registration fee for property in EVK Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers EVK Garden?

The Sub Registrar Office that covers EVK Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-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 is a crucial factor when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the applicable fees. It is essential for both parties to consider this value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of EVK Garden?

The current guideline value of EVK Garden is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 355 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and finally returned to Rs 700 per sq.ft in 2023.

What are the stamp duty and registration fees for EVK Garden?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office covers EVK Garden?

The Gooduvancheri Sub Registrar Office covers EVK Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

Are there any other streets in Vengadamangalam with guideline values?

Currently, there are no other streets in Vengadamangalam listed with guideline values in the available data.