Guideline Value for GRS VILLA GARDEN PHASE III

Grs Villa Garden Phase III guideline value

The current guideline value of Grs Villa Garden Phase III is Rs 2,209 per sq.ft, as per the 2023 revision. This property is located in Nalambakkam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Grs Villa Garden Phase III has changed

The guideline value for Grs Villa Garden Phase III has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,480 per sq.ft. Following this, the 2023 revision saw an increase to Rs 2,209 per sq.ft, marking a significant change of 49% in value over the six-year period.

It is important to note that there are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions with recorded values are from 2017 and 2023.

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. However, Grs Villa Garden Phase III is situated within this village, and it is essential to understand the context of its guideline value. The following are the other streets in Nalambakkam:

Stamp duty and registration fee for property in Grs Villa Garden Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 2,209 per sq.ft, the total guideline value amounts to Rs 22,09,000. The stamp duty, calculated at 7%, would be Rs 1,54,630, while the registration fee at 2% would be Rs 44,180. Together, the total cost for stamp duty and registration fee would be Rs 1,98,810. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Grs Villa Garden Phase III?

The Grs Villa Garden Phase III property falls under the Gooduvancheri Sub Registrar Office. The address for this office is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Nalambakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the Registration Department and is used as a benchmark for calculating the taxes associated with property transactions.

During the registration process, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Grs Villa Garden Phase III?

The current guideline value of Grs Villa Garden Phase III is Rs 2,209 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 1,480 per sq.ft to the 2023 revision of Rs 2,209 per sq.ft, the guideline value has increased by 49% over this six-year period.

Are there any guideline values for previous revisions?

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for Grs Villa Garden Phase III.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,54,630 and the registration fee is Rs 44,180, making the total Rs 1,98,810.

Which office handles registrations for Grs Villa Garden Phase III?

The Gooduvancheri Sub Registrar Office handles registrations for Grs Villa Garden Phase III, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.