Guideline Value for Telecom Nagar

Telecom Nagar guideline value

The current guideline value of Telecom Nagar is Rs 900 per sq.ft. This area is located in Mambakkam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Telecom Nagar has changed

In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. However, in the 2017 revision, it decreased to Rs 603 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 900 per sq.ft, which represents a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, remaining at Rs 900 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Telecom Nagar is one of the streets in this area, and it is important to note that there are no other streets in Mambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Telecom Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees together to Rs 81,000. It is important 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 Telecom Nagar?

The Sub Registrar Office that covers Telecom 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 Mambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Mambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Telecom Nagar?

The current guideline value of Telecom Nagar is Rs 900 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 900 per sq.ft to Rs 603 per sq.ft. However, it returned to Rs 900 per sq.ft in the 2023 revision.

What is the land classification for Telecom Nagar?

The land classification for Telecom Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

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, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is set at 2% of the same value. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 81,000.