Guideline Value for VANITHA SQUARE

Vanitha Square guideline value

The current guideline value of Vanitha Square is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Neelamangalam village under the Gooduvancheri SRO and is classified as Residential Class II Type - II.

How the guideline value of Vanitha Square has changed

The guideline value for Vanitha Square has remained stable at Rs 1,300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017 for this street.

Since the 2023 revision, there has been no change in the guideline value, indicating a consistent valuation over this period. The 2024 revision maintains the same rate as the previous year, reflecting stability in the valuation for this property.

Guideline values in Neelamangalam

In Neelamangalam, there are 41 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Vanitha Square is above this median, indicating a higher valuation compared to many other streets in the village.

• Varadappa Naicker Nagar: Rs 500 per sq.ft (2024)
• Vamanan Nagar: Rs 500 per sq.ft (2024)
• Tulsi Nagar: Rs 1,300 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 500 per sq.ft (2024)
• S.V.P. Garden: Rs 500 per sq.ft (2024)
• Sundaram Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Vanitha Square

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Vanitha Square?

The Sub Registrar Office that covers Vanitha Square 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 additional information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Neelamangalam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is conducted in accordance with government regulations.

When a property is sold, the guideline value helps establish the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vanitha Square?

The current guideline value of Vanitha Square is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vanitha Square has remained unchanged at Rs 1,300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values for other streets in Neelamangalam?

Other streets in Neelamangalam have varying guideline values, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value in the village is Rs 600 per sq.ft, while Vanitha Square is valued above this median at Rs 1,300 per sq.ft.

What are the stamp duty and registration fees for property in Vanitha Square?

For a property in Vanitha Square valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000 for these fees.

Where can I find the Sub Registrar Office for Vanitha Square?

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