Guideline Value for Galaxy Divine castle

Galaxy Divine castle guideline value

The current guideline value of Galaxy Divine castle is Rs 650 per sq.ft, effective from 1 July 2024. This property is located in Vadamelpakkam village under the Gooduvancheri SRO, classified as Residential Class IV Type - I.

How the guideline value of Galaxy Divine castle has changed

Looking at the revisions, the guideline value for Galaxy Divine castle was Rs 650 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2012 revision, the value was also Rs 650 per sq.ft. In the 2017 revision, the value was Rs 435 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision had a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained at Rs 650 per sq.ft.

The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Vadamelpakkam

In Vadamelpakkam, there are 19 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Galaxy Divine castle is above this median.

• Ganthi Nagar: Rs 350 per sq.ft (2024)
• D.J.M. Nagar: Rs 350 per sq.ft (2024)
• Kannaya Garden: Rs 975 per sq.ft (2024)
• Anna Nagar Annex: Rs 350 per sq.ft (2024)
• Anna Nagar: Rs 350 per sq.ft (2024)
• krishna Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Galaxy Divine castle

For a 1,000 sq.ft plot at the current rate of Rs 650 per sq.ft, the guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, totaling Rs 58,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Galaxy Divine castle?

The Galaxy Divine castle property falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vadamelpakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Galaxy Divine castle?

The current guideline value of Galaxy Divine castle is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 650 per sq.ft since 2012, with a significant increase of 49% from Rs 435 per sq.ft in 2017 to Rs 650 per sq.ft in 2023.

What is the land classification for Galaxy Divine castle?

Galaxy Divine castle is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Galaxy Divine castle?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 650 per sq.ft would incur a stamp duty of Rs 45,500.