Guideline Value for Sri Bargavi Garden

Sri Bargavi Garden guideline value

The current guideline value of Sri Bargavi Garden is Rs 800 per sq.ft. It is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Bargavi Garden has changed

Over the years, the guideline value of Sri Bargavi Garden has seen several revisions. The most recent revision in 2023 set the guideline value at Rs 800 per sq.ft, an increase from Rs 536 per sq.ft in the 2017 revision, marking a change of +49%. Prior to that, the guideline value was Rs 800 per sq.ft in 2012, showing a decrease of -33% from the previous figure of Rs 800 per sq.ft in 2012. The 2007 revision recorded a guideline value of Rs 355 per sq.ft, which increased to Rs 800 per sq.ft in 2012, reflecting a significant change of +125%.

It is important to note that the register has no figure for the years 2003, 2002, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by +125%.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Sri Bargavi Garden is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vengadamangalam listed with their respective rates.

Stamp duty and registration fee for property in Sri Bargavi Garden

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Bargavi Garden?

The Gooduvancheri Sub Registrar Office covers Sri Bargavi Garden. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value is a crucial factor when buying or selling property in Vengadamangalam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers and sellers should be aware that the guideline value impacts the overall cost involved in the registration process.

When a property is sold, the guideline value may influence the sale price, as it provides a standard reference for determining the value of the property. This ensures that the registration process is transparent and fair, reflecting the current market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Bargavi Garden?

The current guideline value of Sri Bargavi Garden is Rs 800 per sq.ft, as per the 2023 revision.

How often is the guideline value revised?

The guideline value is revised periodically, with the most recent revisions occurring in 2023, 2017, 2012, and 2007 for Sri Bargavi Garden.

What is the land classification for Sri Bargavi Garden?

Sri Bargavi Garden is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is stamp duty calculated for properties in Sri Bargavi Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty at 7% would amount to Rs 56,000.