Guideline Value for Park Villa

Park Villa guideline value

The current guideline value for Park Villa in Vengadamangalam village, under the Gooduvancheri SRO, is Rs 800 per sq.ft. The land classification for this area is Residential Special Type - II.

How the guideline value of Park Villa has changed

Looking at the historical revisions, the guideline value for Park Villa was Rs 800 per sq.ft in the 2012 revision. It then decreased to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 800 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 800 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, no specific village figures are available for Vengadamangalam. Park Villa is part of this locality, and there are no other streets in Vengadamangalam under the Gooduvancheri SRO provided in the data.

Stamp duty and registration fee for property in Park Villa

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Park Villa?

The Park Villa area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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 in determining the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, ensuring that the transaction is registered accurately.

This system helps maintain transparency and fairness in property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Park Villa?

The current guideline value for Park Villa is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 800 per sq.ft in 2023, resulting in a 49% rise from the 2017 figure.

What is the registration office for Park Villa?

The Gooduvancheri Sub Registrar Office covers Park Villa, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Park Villa?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the stamp duty would be Rs 56,000.

Is there a guideline value for Park Villa in 2024?

The register does not have a guideline value for Park Villa for the year 2024.