Guideline Value for VEKALIYAMMAN GARDEN PHASE I

Vekaliyamman Garden Phase I guideline value

The current guideline value of Vekaliyamman Garden Phase I is Rs 310 per sq.ft. This property is located in Melpakkam village under the Gummidipoondi SRO, classified as Residential Class III Type - III.

How the guideline value of Vekaliyamman Garden Phase I has changed

The guideline value for Vekaliyamman Garden Phase I has been consistent in recent revisions. The 2023 revision set the value at Rs 310 per sq.ft, which remained unchanged in the 2024 revision effective from 1 July 2024.

Prior revisions for this street are not available in the register for the years 2002, 2003, 2007, 2012, and 2017. Therefore, there are no figures for these years.

Guideline values in Melpakkam

In Melpakkam, three streets under the Gummidipoondi SRO have a 2024 guideline value ranging from Rs 310 to Rs 500 per sq.ft, with the median being Rs 310 per sq.ft. Vekaliyamman Garden Phase I's 2024 figure aligns with this median.

• Vekaliyamman Garden Phase II: Rs 310 per sq.ft (2024)
• Vekaliyamman Garden Phase III: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Vekaliyamman Garden Phase I

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,10,000. The stamp duty at 7% would be Rs 21,700, and the registration fee at 2% would be Rs 6,200, totaling Rs 27,900. Note that the 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 details.

Which Sub Registrar Office covers Vekaliyamman Garden Phase I?

The Vekaliyamman Garden Phase I is covered by the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Melpakkam. It serves as a baseline for calculating the stamp duty and registration fees during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is documented at a fair value, which is essential for both buyers and sellers to understand their financial obligations.

Frequently asked questions

What is the current guideline value of Vekaliyamman Garden Phase I?

The current guideline value of Vekaliyamman Garden Phase I is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 310 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 27,900, based on the current guideline value of Rs 3,10,000.

Which Sub Registrar Office should I go to for registration?

The registration for Vekaliyamman Garden Phase I should be done at the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

Where can I find more information on guideline values in Melpakkam?

For more information on guideline values in Melpakkam, you can refer to the Registration Department's guideline value register (TNReginet) or check the specific links for other streets in the area.