Guideline Value for Tulips Acropolis

Tulips Acropolis guideline value

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

How the guideline value of Tulips Acropolis has changed

The guideline value for Tulips Acropolis has undergone several revisions over the years. In 2007, the guideline value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a substantial rise of 500%. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, representing a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,200 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from 2007 to 2023, the guideline value has increased by 500%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. However, Tulips Acropolis is situated within this locality, which is covered by the Gooduvancheri SRO.

Stamp duty and registration fee for property in Tulips Acropolis

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total 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 cost for these fees to Rs 1,08,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tulips Acropolis?

The Sub Registrar Office that covers Tulips Acropolis is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tulips Acropolis?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 200 per sq.ft to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What is the land classification for Tulips Acropolis?

Tulips Acropolis falls under the Residential Class I Type - I land classification, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Tulips Acropolis?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 1,08,000.

Where is the Sub Registrar Office for Tulips Acropolis located?

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