Guideline Value for GRS VILLA GARDEN EXTENSION

Grs Villa Garden Extension guideline value

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

How the guideline value of Grs Villa Garden Extension has changed

According to the guideline value register, the revisions for Grs Villa Garden Extension show no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 1,700 per sq.ft, which remains unchanged from previous years.

As there are no figures available for the revisions from 2002 to 2017, the only applicable guideline value is the current one from 2023. Thus, there have been no changes in the guideline value for Grs Villa Garden Extension over the years.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Grs Villa Garden Extension is the only street listed under the Gooduvancheri SRO, and there are no other streets in Nalambakkam provided in the available data.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty, charged at 7%, would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, these fees would total Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on calculating these costs.

Which Sub Registrar Office covers Grs Villa Garden Extension?

The Grs Villa Garden Extension falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Nalambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers need to be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

When registering a property, the higher of the guideline value or the sale price is taken into account for calculating the applicable duties. This means that understanding the current guideline value is essential for both buyers and sellers to accurately estimate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Grs Villa Garden Extension?

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

What is the land classification for Grs Villa Garden Extension?

The land classification for Grs Villa Garden Extension is Commercial Class I Type - I.

How has the guideline value changed over the years?

There have been no changes in the guideline value for Grs Villa Garden Extension over the years, with the only applicable value being Rs 1,700 per sq.ft from the 2023 revision.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.