Guideline Value for VALUE GARDEN PHASE -I

Value Garden Phase -I guideline value

The current guideline value for Value Garden Phase -I is Rs 1,350 per sq.ft. This property is located in Mambakkam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Value Garden Phase -I has changed

The guideline value for Value Garden Phase -I has undergone several revisions. The 2012 revision set the value at Rs 1,350 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 904 per sq.ft. However, the most recent 2023 revision increased the guideline value back to Rs 1,350 per sq.ft, marking a 49% rise from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained constant at Rs 1,350 per sq.ft, with no net change. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Value Garden Phase -I is situated within this locality, and there are no other streets in Mambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Value Garden Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value would amount to Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, bringing the total cost for these fees to Rs 1,21,500. It is important 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 detailed calculations.

Which Sub Registrar Office covers Value Garden Phase -I?

The Sub Registrar Office that covers Value Garden Phase -I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO here.

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

The guideline value serves as a reference point for property transactions in Mambakkam. When buying or selling property, this value is essential for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

It is crucial for buyers and sellers to be aware of the guideline value as it directly impacts the costs associated with property registration. Understanding this value helps in ensuring compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value for Value Garden Phase -I?

The current guideline value for Value Garden Phase -I is Rs 1,350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,350 per sq.ft in 2012 to Rs 904 per sq.ft in 2017, and then back to Rs 1,350 per sq.ft in 2023. Overall, there has been no net change from 2012 to 2023.

What is the stamp duty rate for property in Value Garden Phase -I?

The stamp duty rate for property in Value Garden Phase -I is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property using the stamp duty and registration fee calculator available on our site.