Guideline Value for Tulips Acropolis Phase-II

Tulips Acropolis Phase-II guideline value

The current guideline value for Tulips Acropolis Phase-II is Rs 1,200 per sq.ft. This property is located in Mambakkam village and falls under the Gooduvancheri SRO. The land classification is Commercial Class I Type - II.

How the guideline value of Tulips Acropolis Phase-II has changed

The guideline value for Tulips Acropolis Phase-II has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. However, this figure remained unchanged in the subsequent 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The latest revision in 2023 brought the guideline value back to Rs 1,200 per sq.ft, reflecting a significant increase of 49% from the 2017 revision.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 1,200 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 Mambakkam

Currently, there are no specific village figures provided for Mambakkam. The guideline value for Tulips Acropolis Phase-II is Rs 1,200 per sq.ft. There are no other streets in Mambakkam under the Gooduvancheri SRO listed at this time.

Stamp duty and registration fee for property in Tulips Acropolis Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the 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 to Rs 1,08,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tulips Acropolis Phase-II?

The Sub Registrar Office that covers Tulips Acropolis Phase-II 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 Mambakkam

The guideline value is an essential factor when buying or selling property in Mambakkam, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This means that if the sale price is lower than the guideline value, the buyer will still be charged based on the guideline value to ensure fair taxation.

Frequently asked questions

What is the current guideline value of Tulips Acropolis Phase-II?

The current guideline value of Tulips Acropolis Phase-II is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, which was a decrease of 33%. It then returned to Rs 1,200 per sq.ft in 2023, marking an increase of 49% from the 2017 figure.

What are the stamp duty and registration fees for properties in this area?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in Tulips Acropolis Phase-II?

The Gooduvancheri Sub Registrar Office handles the registration of properties in Tulips Acropolis Phase-II. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Mambakkam with guideline values?

Currently, there are no other streets in Mambakkam listed under the Gooduvancheri SRO with specific guideline values available.