Guideline Value for KBS VILLA GARDEN PHASE I

Kbs Villa Garden Phase I guideline value

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

The guideline value for Kbs Villa Garden Phase I has undergone several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 1,600 per sq.ft, which represents a significant increase from the 2017 revision of Rs 1,072 per sq.ft. This change reflects a rise of 49% over the six-year period.

Prior to the 2017 revision, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only revisions that can be referenced are from 2017 and 2023.

Guideline values in Rathinamangalam

Currently, the guideline value for Kbs Villa Garden Phase I is Rs 1,600 per sq.ft. Unfortunately, there are no figures available for other streets in Rathinamangalam under the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to 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 important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kbs Villa Garden Phase I?

The Kbs Villa Garden Phase I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rathinamangalam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate fees based on the value of the property being transferred.

Frequently asked questions

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

The current guideline value of Kbs Villa Garden Phase I 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 to the 2023 revision, the guideline value increased from Rs 1,072 per sq.ft to Rs 1,600 per sq.ft, which is a rise of 49%.

Are there any guideline values for other streets in Rathinamangalam?

No, there are no guideline values available for other streets in Rathinamangalam under the Gooduvancheri SRO.

What are the stamp duty and registration fees for Kbs Villa Garden Phase I?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles the registration for Kbs Villa Garden Phase I?

The registration for Kbs Villa Garden Phase I is handled by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.