Guideline Value for VATCHALA GARDEN II

Vatchala Garden II guideline value

The current guideline value of Vatchala Garden II in Adhanoor village is Rs 1,000 per sq.ft, effective from the 2024 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Vatchala Garden II has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure remained unchanged at Rs 1,000 per sq.ft in the 2023 revision and continued to be Rs 1,000 per sq.ft in the 2024 revision, indicating a 49% increase from 2017 to 2023 and a total increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 1,000 per sq.ft. Therefore, the guideline value has consistently been at Rs 1,000 per sq.ft since 2023.

Guideline values in Adhanoor

Adhanoor village has 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is the same as the guideline value for Vatchala Garden II.

• Vatchala Garden Phase -II: Rs 1,000 per sq.ft (2024)
• Vatchala Garden: Rs 1,000 per sq.ft (2024)
• Vasudevan Nagar: Rs 1,000 per sq.ft (2024)
• Vedachalam Nagar: Rs 1,000 per sq.ft (2024)
• Velan Nagar: Rs 1,000 per sq.ft (2024)
• Venkatesh Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vatchala Garden II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vatchala Garden II?

The Vatchala Garden II area is covered by 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 more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Adhanoor. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Vatchala Garden II?

The current guideline value of Vatchala Garden II is Rs 1,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, representing a 49% increase overall from 2017 to 2024.

What is the land classification for Vatchala Garden II?

Vatchala Garden II is classified as Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Vatchala Garden II?

For a 1,000 sq.ft property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers the area of Vatchala Garden II?

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