Guideline Value for GV Garden

GV Garden guideline value

The current guideline value of GV Garden is Rs 800 per sq.ft. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this property is Residential Special Type - II.

How the guideline value of GV Garden has changed

The guideline value for GV Garden has seen several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 200 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, which is a drop of 33%. The latest revision in 2023 has brought the guideline value back up to Rs 800 per sq.ft, representing a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 300%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. GV Garden is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vengadamangalam listed with guideline values.

Stamp duty and registration fee for property in GV Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers GV Garden?

GV Garden 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 details.

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

The guideline value is a critical factor when registering property in Vengadamangalam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay during the transaction process.

When a property is sold, the guideline value helps determine the official value of the property for registration purposes. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of GV Garden?

The current guideline value of GV Garden is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What is the land classification for GV Garden?

The land classification for GV Garden is Residential Special Type - II.

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value is Rs 8,00,000, leading to a stamp duty of Rs 56,000 and a registration fee of Rs 16,000.