Guideline Value for LOHITH GARDEN

Lohith Garden guideline value

The current guideline value of Lohith Garden in Melakottyur village, under the Gooduvancheri SRO, is Rs 1,300 per sq.ft. This value is based on the 2023 revision. The land classification for this area is Residential Special Type - I.

How the guideline value of Lohith Garden has changed

The guideline value for Lohith Garden has seen significant changes over the years. As per the 2017 revision, the guideline value was Rs 871 per sq.ft. The latest revision in 2023 shows an increase to Rs 1,300 per sq.ft, reflecting a change of +49% from the previous figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. The only revisions with figures are from 2017 and 2023.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Lohith Garden is situated within this village, and there are no other streets in Melakottyur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Lohith Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 further calculations.

Which Sub Registrar Office covers Lohith Garden?

The Lohith Garden area is covered by 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 Melakottyur

The guideline value is a critical factor in the registration process when buying or selling property in Melakottyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable duties. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

What is the current guideline value of Lohith Garden?

The current guideline value of Lohith Garden is Rs 1,300 per sq.ft as per the 2023 revision.

How much has the guideline value changed from 2017 to 2023?

The guideline value increased from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, which is a change of +49%.

Are there any guideline values for Lohith Garden in previous years?

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Lohith Garden.

What are the stamp duty and registration fees for a property in Lohith Garden?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would be Rs 1,17,000.

Which office handles the registration for properties in Lohith Garden?

The Gooduvancheri Sub Registrar Office handles the registration for properties in Lohith Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.