Guideline Value for Kamalamal Garden Extension -I

Kamalamal Garden Extension -I guideline value

The current guideline value of Kamalamal Garden Extension -I is Rs 600 per sq.ft. This area falls under Arungal village and is governed by the Gooduvancheri SRO. The land classification for this property is Residential Special Type - II.

How the guideline value of Kamalamal Garden Extension -I has changed

The guideline value for Kamalamal Garden Extension -I has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it was again set at Rs 600 per sq.ft. However, the 2017 revision recorded a decrease to Rs 402 per sq.ft, marking a 33% drop from the previous 2012 figure.

From 2017 to 2023, there was a significant increase of 49%, bringing the guideline value back to Rs 600 per sq.ft. Overall, from 2012 to 2023, the guideline value has remained the same, showing no change in value over this period.

Guideline values in Arungal

Currently, there are no specific village figures available for Arungal. Kamalamal Garden Extension -I is one of the streets under the Gooduvancheri SRO. There are no other streets in Arungal listed with guideline values.

Stamp duty and registration fee for property in Kamalamal Garden Extension -I

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 Kamalamal Garden Extension -I?

The Gooduvancheri Sub Registrar Office covers Kamalamal Garden Extension -I. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Arungal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during property transactions.

When a property is registered, the guideline value is compared to the sale price. The duty is charged on the higher of the two amounts, ensuring that the government receives the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Kamalamal Garden Extension -I?

The current guideline value for Kamalamal Garden Extension -I is Rs 600 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023. Overall, there has been no change in the guideline value from 2012 to 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Kamalamal Garden Extension -I?

The Gooduvancheri Sub Registrar Office handles property registrations for Kamalamal Garden Extension -I. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there any information on other streets in Arungal?

Currently, there are no other streets in Arungal listed with guideline values. Kamalamal Garden Extension -I is the only street mentioned under the Gooduvancheri SRO.