Guideline Value for GRS VILLA GARDEN PHASE-II

Grs Villa Garden Phase-II guideline value

The current guideline value for Grs Villa Garden Phase-II is Rs 1,500 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 Type - II.

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

The guideline value for Grs Villa Garden Phase-II has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This figure rose to Rs 1,500 per sq.ft in the 2023 revision, marking an increase of 49% over the six-year period.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only comparative values are from 2017 and 2023.

Guideline values in Nalambakkam

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total charges would be Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The Grs Villa Garden Phase-II falls under the Gooduvancheri Sub Registrar Office. The address 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

The guideline value plays a crucial role in the registration process of property transactions in Nalambakkam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing a property.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the registration office has a standardized method for assessing property values in the area.

Frequently asked questions

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

The current guideline value for Grs Villa Garden Phase-II is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, which is a rise of 49%.

Are there any guideline value figures for the years 2002 to 2012?

No, the guideline value register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Grs Villa Garden Phase-II.

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

The stamp duty is 7% and the registration fee is 2%. For a property valued at Rs 15,00,000, the total charges would be Rs 1,35,000.

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.