Guideline Value for KBS VILLA GARDEN PHASE III

Kbs Villa Garden Phase III guideline value

The current guideline value of Kbs Villa Garden Phase III is Rs 1,600 per sq.ft. This property is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Kbs Villa Garden Phase III has changed

In the 2017 revision, the guideline value was set at Rs 1,072 per sq.ft. This represented a significant increase from previous revisions, as there are no figures available for the years 2002, 2003, 2007, and 2012. The most recent revision in 2023 saw the guideline value rise to Rs 1,600 per sq.ft, marking an increase of 49% from the 2017 figure.

It is important to note that the register has no figure for the year 2024 for this street. Therefore, the current guideline value remains at Rs 1,600 per sq.ft as per the 2023 revision.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Kbs Villa Garden Phase III is one of the properties under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kbs Villa Garden Phase III

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is essential to remember that 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 Kbs Villa Garden Phase III?

The Kbs Villa Garden Phase III 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 Rathinamangalam

The guideline value plays a crucial role during the registration of property transactions in Rathinamangalam. It serves as a benchmark for calculating the stamp duty and registration fees that are required to be paid at the time of property registration.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kbs Villa Garden Phase III?

The current guideline value of Kbs Villa Garden Phase III is Rs 1,600 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 by 49%, rising from Rs 1,072 per sq.ft to Rs 1,600 per sq.ft in 2023.

Are there any guideline values available for the year 2024?

The register has no figure for the year 2024 for Kbs Villa Garden Phase III, so the current guideline value remains at Rs 1,600 per sq.ft.

What are the stamp duty and registration fees for a property in Kbs Villa Garden Phase III?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,44,000, which includes Rs 1,12,000 in stamp duty and Rs 32,000 in registration fees.

Which office handles property registrations for Kbs Villa Garden Phase III?

The Gooduvancheri Sub Registrar Office handles property registrations for Kbs Villa Garden Phase III, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.