Guideline Value for Hill View Residency

Hill View Residency guideline value

The current guideline value for Hill View Residency is Rs 1,500 per sq.ft. It is located in Vandalur village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Hill View Residency has changed

The guideline value of Hill View Residency has undergone several revisions over the years. In 2007, the guideline value was set at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 173% rise. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a 33% decrease. The most recent revision in 2023 saw the guideline value return to Rs 1,500 per sq.ft, representing a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 173%. 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 Vandalur

Currently, there are no specific village figures available for Vandalur. Hill View Residency is part of the Gooduvancheri SRO. There are no other streets in Vandalur listed under this SRO.

Stamp duty and registration fee for property in Hill View Residency

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling 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. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Hill View Residency?

The Sub Registrar Office that covers Hill View Residency is 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 details.

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

The guideline value is crucial during the registration process of property transactions in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value of Hill View Residency?

The current guideline value of Hill View Residency is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for properties in Hill View Residency?

The stamp duty rate for properties in Hill View Residency is 7% of the guideline value or sale price, whichever is higher.

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.

Are there other streets in Vandalur under the Gooduvancheri SRO?

Currently, there are no other streets in Vandalur listed under the Gooduvancheri SRO.