Guideline Value for G.V.S. FARMS

G.V.S. Farms guideline value

The current guideline value for G.V.S. Farms in Nemmeli village is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur SRO and is classified as Residential Special Type - I.

How the guideline value of G.V.S. Farms has changed

The guideline value for G.V.S. Farms has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. However, the value increased significantly in the 2023 revision to Rs 1,000 per sq.ft again, marking a 49% increase from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,000 per sq.ft, despite the fluctuations in between. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Nemmeli

Currently, there are no specific guideline values for other streets in Nemmeli available. G.V.S. Farms is the only street mentioned under the Thiruporur SRO.

Stamp duty and registration fee for property in G.V.S. Farms

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is essential to note that 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 G.V.S. Farms?

The G.V.S. Farms area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Nemmeli, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value for G.V.S. Farms?

The current guideline value for G.V.S. Farms is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023. Overall, the value has remained the same from 2012 to 2023.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What fees are associated with property registration in G.V.S. Farms?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Are there other streets in Nemmeli with guideline values?

Currently, there are no specific guideline values available for other streets in Nemmeli. G.V.S. Farms is the only street mentioned under the Thiruporur SRO.