Guideline Value for S & P THE ADDRESS

S & P The Address guideline value

The current guideline value for S & P The Address is Rs 1,200 per sq.ft, as per the 2023 revision. This property is located in Mambakkam village under the Gooduvancheri SRO, and it is classified as Commercial Class I Type - II.

How the guideline value of S & P The Address has changed

The guideline value for S & P The Address has undergone several revisions over the years. The most recent revision in 2023 set the value at Rs 1,200 per sq.ft, which is a significant increase from the 2017 revision, where the value was Rs 804 per sq.ft. This marks a change of +49% between the two revisions.

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Thus, the only revisions with registered figures are from 2017 and 2023.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. S & P The Address is situated within this locality, and there are no other streets in Mambakkam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in S & P The Address

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers S & P The Address?

The S & P The Address property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office. The office is 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 Mambakkam

The guideline value plays a crucial role in property transactions within Mambakkam. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing a property. These fees are based on the guideline value or the sale price, whichever is higher.

When selling a property, the guideline value helps determine the official value of the property for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value for S & P The Address?

The current guideline value for S & P The Address is Rs 1,200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by +49%, rising from Rs 804 per sq.ft to Rs 1,200 per sq.ft in 2023.

Are there any guideline values for S & P The Address in previous years?

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for S & P The Address. Only the revisions for 2017 and 2023 have registered figures.

What are the stamp duty and registration fees for a property in S & P The Address?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for S & P The Address?

The Gooduvancheri Sub Registrar Office handles registrations for S & P The Address. Its address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.