Guideline Value for GLORY GARDENS EXTENSION

Glory Gardens Extension guideline value

The current guideline value of Glory Gardens Extension is Rs 1,250 per sq.ft, as per the 2023 revision. This area is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Mixed Type - I land.

How the guideline value of Glory Gardens Extension has changed

The guideline value for Glory Gardens Extension has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,250 per sq.ft. However, in the 2017 revision, this value decreased to Rs 837 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 1,250 per sq.ft, which is a rise of 49% from the 2017 figure.

Overall, comparing the figures from 2012 to 2023, there has been no change in the guideline value, remaining at Rs 1,250 per sq.ft. 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 Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Glory Gardens Extension is situated within this village, and there are no other streets in Vengadamangalam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Glory Gardens Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty, charged at 7%, would amount to Rs 87,500, while the registration fee at 2% would be Rs 25,000. Together, the total cost for these fees would be Rs 1,12,500. It is essential to remember that the 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 a more tailored estimate.

Which Sub Registrar Office covers Glory Gardens Extension?

The Glory Gardens Extension area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Vengadamangalam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Buyers and sellers should be aware that the guideline value is set by the government and is subject to revisions. It is important to check the latest figures to ensure compliance with the registration requirements and to understand the financial implications of the property transaction.

Frequently asked questions

What is the current guideline value of Glory Gardens Extension?

The current guideline value of Glory Gardens Extension is Rs 1,250 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, and then back to Rs 1,250 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What are the stamp duty and registration fees for property in Glory Gardens Extension?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 12,50,000. The stamp duty would be Rs 87,500 and the registration fee would be Rs 25,000, totaling Rs 1,12,500.

Which Sub Registrar Office covers Glory Gardens Extension?

The Gooduvancheri Sub Registrar Office covers Glory Gardens Extension, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Vengadamangalam with guideline values?

Currently, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO with guideline values provided.