Guideline Value for KBS VILLA GARDEN PHASE II

Kbs Villa Garden Phase II guideline value

The current guideline value of Kbs Villa Garden Phase II 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 II has changed

In the 2017 revision, the guideline value was set at Rs 1,072 per sq.ft. This figure represents a significant increase when compared to the current guideline value of Rs 1,600 per sq.ft established in the 2023 revision, reflecting a change of +49% over the six-year period.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Thus, the only revisions with figures are from 2017 and 2023.

Guideline values in Rathinamangalam

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

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

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, 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, leading to a total of Rs 1,44,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kbs Villa Garden Phase II?

The Sub Registrar Office that covers Kbs Villa Garden Phase II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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 determining the minimum value at which a property can be registered.

When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded at a fair value as per the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Kbs Villa Garden Phase II is Rs 1,600 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision, which was Rs 1,072 per sq.ft, the guideline value increased to Rs 1,600 per sq.ft in the 2023 revision, marking a change of +49%.

Are there any guideline value figures for previous revisions?

No figures are available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Kbs Villa Garden Phase II. Only the 2017 and 2023 revisions have recorded figures.

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

For a property valued at 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, totaling Rs 1,44,000.

Which Sub Registrar Office covers this property?

The Gooduvancheri Sub Registrar Office covers Kbs Villa Garden Phase II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.