Guideline Value for GRS VILLA GARDEN

Grs Villa Garden guideline value

The current guideline value of Grs Villa Garden is Rs 1,500 per sq.ft. 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 has changed

The guideline value for Grs Villa Garden has seen significant changes over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, while the most recent 2023 revision increased it to Rs 1,500 per sq.ft, marking a change of +49% over this period.

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

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. Grs Villa Garden is one of the properties under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Grs Villa Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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, totaling Rs 1,35,000. It is essential to note that 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.

Which Sub Registrar Office covers Grs Villa Garden?

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

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the authorities.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Grs Villa Garden?

The current guideline value of Grs Villa Garden 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 change of +49%.

Are there any guideline value figures for previous revisions?

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

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,35,000, which includes Rs 1,05,000 for stamp duty and Rs 30,000 for registration fee.

Which office handles the registration for Grs Villa Garden?

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