Guideline Value for ROSE NAGAR

Rose Nagar guideline value

The current guideline value of Rose Nagar is Rs 700 per sq.ft. This area is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Rose Nagar has changed

The guideline value for Rose Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 700 per sq.ft. However, in the 2017 revision, it dropped to Rs 469 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw a significant increase of 49%, bringing the guideline value back up to Rs 700 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 700 per sq.ft. 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 provided for Vengadamangalam. The guideline value for Rose Nagar stands at Rs 700 per sq.ft, and there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Rose Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rose Nagar?

The Gooduvancheri Sub Registrar Office covers Rose Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process of buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Rose Nagar?

The current guideline value of Rose Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased back to Rs 700 per sq.ft in 2023. Overall, from 2012 to 2023, there has been no change in the value.

What are the stamp duty and registration fees for properties in Rose Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Rose Nagar?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Rose Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Vengadamangalam with guideline values?

Currently, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO. The only guideline value available is for Rose Nagar.