Guideline Value for Sri Deepan Balaji Nagar

Sri Deepan Balaji Nagar guideline value

The current guideline value for Sri Deepan Balaji Nagar is Rs 1,400 per sq.ft. This locality is situated in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Sri Deepan Balaji Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,400 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 938 per sq.ft, marking a decline of 33%. However, the most recent 2023 revision restored the guideline value to Rs 1,400 per sq.ft, reflecting an increase of 49% from 2017.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,400 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. Sri Deepan Balaji Nagar is one of the streets in this locality. Unfortunately, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Deepan Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000. Therefore, the total cost for stamp duty and registration fee together would be Rs 1,26,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Deepan Balaji Nagar?

The Sub Registrar Office that covers Sri Deepan Balaji Nagar is 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 Vengadamangalam

When buying or selling property in Vengadamangalam, the guideline value is a crucial factor in determining the registration charges. The guideline value serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is important for buyers and sellers to be aware of the guideline value as it influences the overall cost of property transactions. The registration office uses this value to assess the applicable fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Deepan Balaji Nagar?

The current guideline value of Sri Deepan Balaji Nagar is Rs 1,400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 1,400 per sq.ft to Rs 938 per sq.ft. However, it increased back to Rs 1,400 per sq.ft in the 2023 revision.

What is the registration fee for property in Sri Deepan Balaji Nagar?

The registration fee for property in Sri Deepan Balaji Nagar is 2% of the guideline value. For example, if the guideline value is Rs 14,00,000, the registration fee would be Rs 28,000.

Where is the Gooduvancheri SRO located?

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

How is stamp duty calculated for properties in Sri Deepan Balaji Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, if the guideline value is Rs 14,00,000, the stamp duty would be Rs 98,000.