Guideline Value for GRS VILLA GARDEN PHASE-I

Grs Villa Garden Phase-I guideline value

The current guideline value for Grs Villa Garden Phase-I is Rs 1,500 per sq.ft, as per the 2023 revision. This property is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - II.

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

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This figure increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant change of +49% over this period. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2024.

The guideline value has seen a notable increase from 2017 to 2023, reflecting changes in the area's valuation. However, due to the absence of figures for other revisions, a comprehensive historical analysis cannot be provided.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Grs Villa Garden Phase-I is one of the properties within this locality. There are no other streets in Nalambakkam listed under the Gooduvancheri SRO.

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

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, bringing the total charges to Rs 1,35,000. It is important to note that the 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-I?

The Grs Villa Garden Phase-I property is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Nalambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When buying or selling property, the guideline value helps determine the financial obligations associated with the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, reflecting a change of +49%.

Are there any guideline values for the years 2002, 2003, 2007, 2012, and 2024?

The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2024 for Grs Villa Garden Phase-I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 15,00,000. The stamp duty is Rs 1,05,000, and the registration fee is Rs 30,000, totaling Rs 1,35,000.

Which office handles the registration for Grs Villa Garden Phase-I?

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