Guideline Value for G.S.T. Road

G.S.T. Road guideline value

The current guideline value of G.S.T. Road in Vandalur village is Rs 3,500 per sq.ft, as per the 2023 revision. This road falls under the Gooduvancheri SRO and is classified as Commercial Special Type - I.

How the guideline value of G.S.T. Road has changed

The guideline value for G.S.T. Road has undergone several revisions over the years. In the 2007 revision, the value was Rs 550 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 3,500 per sq.ft, marking an increase of 536%. However, the 2017 revision saw a decrease to Rs 2,345 per sq.ft, a drop of 33%. The most recent revision in 2023 returned the guideline value to Rs 3,500 per sq.ft, reflecting an increase of 49% from the 2017 figure.

It is important to note that there are no figures available for the 2002, 2003, and 2024 revisions for G.S.T. Road.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. G.S.T. Road is one of the streets under the Gooduvancheri SRO. Below is a list of other streets in Vandalur:

Stamp duty and registration fee for property in G.S.T. Road

For a 1,000 sq.ft plot at the current rate of Rs 3,500 per sq.ft, the guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.S.T. Road?

The G.S.T. Road is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vandalur. 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 guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of G.S.T. Road?

The current guideline value of G.S.T. Road is Rs 3,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2012, then decreased to Rs 2,345 per sq.ft in 2017, and returned to Rs 3,500 per sq.ft in 2023.

What are the stamp duty and registration fees for properties on G.S.T. Road?

For a property valued at Rs 35,00,000, the stamp duty is Rs 2,45,000, and the registration fee is Rs 70,000, totaling Rs 3,15,000.

Which office handles the registration for G.S.T. Road?

The registration for G.S.T. Road is handled by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value available for the year 2024?

No, the register does not have a guideline value figure for G.S.T. Road for the year 2024.