Guideline Value for Orange City

Orange City guideline value

The current guideline value of Orange City in Vengadamangalam village is Rs 600 per sq.ft, as per the 2023 revision. This property falls under the jurisdiction of the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Orange City has changed

Looking at the revisions, the guideline value in 2012 was Rs 600 per sq.ft. This remained unchanged until the next revision in 2017, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 600 per sq.ft again, reflecting a 49% rise from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 600 per sq.ft, despite the fluctuations in between. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. The street of Orange City is the only one mentioned under the Gooduvancheri SRO, and there are no other streets listed in Vengadamangalam.

Stamp duty and registration fee for property in Orange City

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to 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 Orange City?

The Orange City property 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, you can visit find your SRO.

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

When buying or selling property in Vengadamangalam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transfers.

The guideline value is essential for both buyers and sellers as it establishes a baseline for the property's worth in the eyes of the registration authorities. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Orange City?

The current guideline value for Orange City is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, and then back to Rs 600 per sq.ft in 2023. Overall, from 2012 to 2023, it has remained unchanged.

What is the land classification for Orange City?

Orange City is classified as Residential Class I Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for properties in Orange City?

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 calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri SRO?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find more information about your SRO online.