Guideline Value for SUMANGALI NAGAR

Sumangali Nagar guideline value

The current guideline value of Sumangali Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Vengadamangalam village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Class III Type - II.

How the guideline value of Sumangali Nagar has changed

Looking at the revisions of the guideline value for Sumangali Nagar, we see that there have been no figures recorded for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 1,500 per sq.ft. This is the only figure currently available for this street.

As there are no changes noted between the revisions mentioned, it is clear that the guideline value for Sumangali Nagar has remained consistent at Rs 1,500 per sq.ft since the 2023 revision. No figures are available for the 2024 revision as well.

Guideline values in Vengadamangalam

The guideline value for Sumangali Nagar is Rs 1,500 per sq.ft. Unfortunately, there are no specific village figures provided for Vengadamangalam. Additionally, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sumangali Nagar

For a property measuring 1,000 sq.ft 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, calculated at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Therefore, the total cost for stamp duty and registration would be Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sumangali Nagar?

The Sub Registrar Office that covers Sumangali Nagar is 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

The guideline value plays a crucial role when buying or selling property in Vengadamangalam. It serves as a benchmark to determine the minimum value at which a property can be registered. This value is essential for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

When a property is sold, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions, maintaining transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Sumangali Nagar?

The current guideline value of Sumangali Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

What is the land classification for Sumangali Nagar?

Sumangali Nagar is classified as Residential Class III Type - II, indicating its suitability for residential development.

Have there been any changes in the guideline value for Sumangali Nagar?

There have been no changes in the guideline value for Sumangali Nagar since the 2023 revision, which recorded the value at Rs 1,500 per sq.ft.

Where is the Gooduvancheri Sub Registrar Office located?

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

How are stamp duty and registration fees calculated in Vengadamangalam?

Stamp duty and registration fees in Vengadamangalam are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,00,000, the total stamp duty and registration fees would amount to Rs 1,35,000.