Guideline Value for GRS VILLA GARDEN EXTENSION - II

Grs Villa Garden Extension - II guideline value

The current guideline value for Grs Villa Garden Extension - II is Rs 1,700 per sq.ft. This property is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Grs Villa Garden Extension - II has changed

According to the guideline value register, there have been several revisions for the Grs Villa Garden Extension - II. The earliest revision available is from 2002, but there is no figure for this street in that year. The same applies to the revisions from 2003, 2007, 2012, and 2017, as the register has no figure for this street in those years as well.

The most recent revision in 2023 indicates a guideline value of Rs 1,700 per sq.ft. There have been no changes between the revisions, making the 2023 figure the only available valuation for this street.

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. Grs Villa Garden Extension - II is the only street mentioned under the Gooduvancheri SRO. Therefore, there are no other streets in Nalambakkam to list.

Stamp duty and registration fee for property in Grs Villa Garden Extension - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Grs Villa Garden Extension - II?

The Grs Villa Garden Extension - II is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Nalambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. Buyers must pay stamp duty based on the higher of the guideline value or the sale price, which ensures that the property is valued correctly during the transaction.

Frequently asked questions

What is the current guideline value for Grs Villa Garden Extension - II?

The current guideline value for Grs Villa Garden Extension - II is Rs 1,700 per sq.ft, as per the 2023 revision.

What land classification does Grs Villa Garden Extension - II fall under?

Grs Villa Garden Extension - II is classified as Commercial Class I Type - I.

Have there been any changes in the guideline value for Grs Villa Garden Extension - II?

No changes have occurred in the guideline value for Grs Villa Garden Extension - II between the revisions. The only available figure is from the 2023 revision, which is Rs 1,700 per sq.ft.

What are the stamp duty and registration fees for property in Grs Villa Garden Extension - II?

The stamp duty for property in Grs Villa Garden Extension - II is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,53,000.

Which Sub Registrar Office covers Grs Villa Garden Extension - II?

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