Guideline Value for GOD S OWN VILLA

God S Own Villa guideline value

The current guideline value of God S Own Villa, located in Sholinganallur - 1 village under the Neelankarai SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - III land classification.

How the guideline value of God S Own Villa has changed

The guideline value for God S Own Villa has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a significant increase from the 2017 revision, which was Rs 1,340 per sq.ft. This change represents a rise of 64% from 2017 to 2024. The guideline value register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has seen a notable increase from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. The absence of figures for the intervening years indicates that the valuation process may have been reassessed periodically, culminating in the current figure.

Guideline values in Sholinganallur - 1

Within Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current figure for God S Own Villa. Below are the guideline values for other streets in Sholinganallur - 1:

• Gnv Mohanraj Thottam: Rs 1,700 per sq.ft (2024)
• Golden Beach South (Vgp Part): Rs 5,500 per sq.ft (2024)
• Gloria Avenue 3rd Street: Rs 5,500 per sq.ft (2024)
• Gloria Avenue 2nd Street: Rs 5,500 per sq.ft (2024)
• Gloria Avenue 1st Street: Rs 5,500 per sq.ft (2024)
• Golden Shore Avenue: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in God S Own Villa

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty is charged at 7%, amounting to Rs 1,54,000, while the registration fee is 2%, which totals Rs 44,000. Together, the total fees would be Rs 1,98,000. It is important to note 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 more details.

Which Sub Registrar Office covers God S Own Villa?

The Sub Registrar Office that covers God S Own Villa is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value is set by the government and is updated periodically to reflect changes in the market.

When you are involved in a property transaction, the guideline value ensures that the transaction is recorded at a price that is consistent with the prevailing rates in the area. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of God S Own Villa?

The current guideline value of God S Own Villa is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a 64% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have varying guideline values, with rates ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for the area is Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for properties in God S Own Villa?

For a 1,000 sq.ft property at the guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% is Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers God S Own Villa?

The Neelankarai Sub Registrar Office covers God S Own Villa, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.