Guideline Value for VEKALIYMMAN GARDEN PHASE II

Vekaliymman Garden Phase II guideline value

The current guideline value of Vekaliymman Garden Phase II 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 Vekaliymman Garden Phase II has changed

The guideline value for Vekaliymman Garden Phase II has remained consistent over the recent revisions. The 2024 revision lists the guideline value at Rs 310 per sq.ft, the same as the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

From the 2023 to the 2024 revision, there was no change in the guideline value, indicating a stable valuation for this property. The consistent figure of Rs 310 per sq.ft reflects the current market conditions for this area.

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 value being Rs 310 per sq.ft. Vekaliymman Garden Phase II's 2024 figure aligns with this median.

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

Stamp duty and registration fee for property in Vekaliymman Garden Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 310 per sq.ft, the total 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, bringing the total charges to 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 precise calculations.

Which Sub Registrar Office covers Vekaliymman Garden Phase II?

The Vekaliymman Garden Phase II 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 more information.

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

The guideline value is a crucial factor in the property registration process in Melpakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements during property transactions.

When buying or selling a property, the guideline value helps to determine the official valuation of the property, which is essential for tax purposes. It is important for all parties involved to be aware of the current guideline value to ensure compliance with registration norms.

Frequently asked questions

What is the current guideline value of Vekaliymman Garden Phase II?

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

How has the guideline value changed over the years?

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

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,10,000, the stamp duty is Rs 21,700 and the registration fee is Rs 6,200, totaling Rs 27,900. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registration for Vekaliymman Garden Phase II?

The Gummidipoondi Sub Registrar Office handles property registration for Vekaliymman Garden Phase II, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is the guideline value determined in Melpakkam?

The guideline value in Melpakkam is determined by the Registration Department's guideline value register. It reflects the official valuation for properties in the area, which is used for calculating stamp duty and registration fees.