Guideline Value for Railway Station Road

Railway Station Road guideline value

The current guideline value of Railway Station Road is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Railway Station Road has changed

Over the years, the guideline value of Railway Station Road has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, there was a decrease to Rs 1,005 per sq.ft in the 2017 revision. The most recent revision in 2023 brought the value back up to Rs 1,500 per sq.ft.

In terms of percentage changes, the guideline value increased by 173% from 2007 to 2012, then decreased by 33% from 2012 to 2017. The value rose again by 49% from 2017 to 2023, resulting in an overall increase of 173% from 2007 to 2023. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Railway Station Road is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Railway Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. 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 detailed calculations.

Which Sub Registrar Office covers Railway Station Road?

The Railway Station Road falls under 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 Vandalur

The guideline value is a crucial aspect when it comes to property transactions in Vandalur. It serves as a benchmark for determining the minimum value at which a property can be registered. When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid.

Additionally, the guideline value protects both buyers and sellers by ensuring that property transactions are conducted at a fair value. It is essential 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 of Railway Station Road?

The current guideline value of Railway Station Road is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for property transactions?

The stamp duty for property transactions in this area is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

How do I calculate registration fees?

Registration fees are calculated at 2% of the guideline value. For example, if the guideline value is Rs 15,00,000, the registration fee would be Rs 30,000.