Guideline Value for Gasa Granade

Gasa Granade guideline value

The current guideline value of Gasa Granade is Rs 800 per sq.ft, as per the 2023 revision. This area is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Gasa Granade has changed

Looking back at the revisions, the guideline value for Gasa Granade was Rs 800 per sq.ft in the 2012 revision. This remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft. However, from 2017 to the 2023 revision, the value increased significantly by 49% to reach the current rate of Rs 800 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 800 per sq.ft, indicating no net change over this period. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Gasa Granade is one of the streets in this village, but no other streets in Vengadamangalam have been provided with guideline values.

Stamp duty and registration fee for property in Gasa Granade

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 charges to Rs 72,000. It is essential to note that the 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 detailed calculations.

Which Sub Registrar Office covers Gasa Granade?

The Gasa Granade area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

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

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the necessary revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gasa Granade?

The current guideline value of Gasa Granade is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then increased back to Rs 800 per sq.ft in 2023.

What is the land classification of Gasa Granade?

Gasa Granade is classified as Residential Special Type - II, indicating its designated use 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 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, a 1,000 sq.ft plot at the current rate would incur a total guideline value of Rs 8,00,000, with associated fees calculated accordingly.