Guideline Value for Pharm villas

Pharm villas guideline value

The current guideline value of Pharm villas in Nalambakkam village, under the Gooduvancheri SRO, is Rs 1,300 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Pharm villas has changed

In the 2012 revision, the guideline value was set at Rs 1,300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 871 per sq.ft, marking a decline of 33%. However, in the subsequent 2023 revision, the guideline value increased to Rs 1,300 per sq.ft again, resulting in a 49% increase from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained the same at Rs 1,300 per sq.ft, indicating no change over this period. 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 Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Pharm villas is classified under the Gooduvancheri SRO, which oversees the registration process for properties in this area.

Stamp duty and registration fee for property in Pharm villas

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 at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Pharm villas?

The Sub Registrar Office that covers Pharm villas is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration of property transactions in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pharm villas?

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

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, followed by an increase back to Rs 1,300 per sq.ft in 2023. Overall, there has been no change in the guideline value from 2012 to 2023.

Where is the Gooduvancheri SRO located?

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

What are the stamp duty and registration fees for Pharm villas?

For a property in Pharm villas, the stamp duty is 7% and the registration fee is 2% based on the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,17,000.

Are there other streets in Nalambakkam with guideline values?

Currently, there are no specific figures available for other streets in Nalambakkam under the Gooduvancheri SRO.