Guideline Value for LOHITH GARDEN

Lohith Garden guideline value

The current guideline value for Lohith Garden is Rs 1,300 per sq.ft. This area is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this property is Commercial Class I Type - II.

How the guideline value of Lohith Garden has changed

The guideline value for Lohith Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which remained unchanged until the 2023 revision, where it again stood at Rs 1,300 per sq.ft. In contrast, the 2017 revision saw a decrease to Rs 871 per sq.ft, marking a significant drop of 33% from the previous figure.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 1,300 per sq.ft. Overall, when comparing the figures from 2012 to 2023, there has been no change, maintaining the value at Rs 1,300 per sq.ft throughout this period.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. Lohith Garden is one of the streets under the Gooduvancheri SRO, and there are no other streets in Rathinamangalam listed with guideline values.

Stamp duty and registration fee for property in Lohith Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged 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 more details.

Which Sub Registrar Office covers Lohith Garden?

The Sub Registrar Office that covers Lohith Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value. This ensures that all transactions are recorded accurately and that the government receives the necessary revenue from property sales.

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 has the guideline value changed over the years?

Since 2012, the guideline value has remained at Rs 1,300 per sq.ft, with a drop to Rs 871 per sq.ft in 2017 and an increase back to Rs 1,300 per sq.ft in 2023.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Lohith Garden?

The Gooduvancheri Sub Registrar Office covers Lohith Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

Are there other streets with guideline values in Rathinamangalam?

Currently, there are no other streets in Rathinamangalam listed with guideline values under the Gooduvancheri SRO.