Guideline Value for VILLA GARDEN

Villa Garden guideline value

The current guideline value of Villa Garden, located in Kayar village under the Thiruporur SRO, is Rs 1,000 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Villa Garden has changed

The guideline value for Villa Garden has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. However, in the 2023 revision, the value increased to Rs 1,000 per sq.ft, marking a significant rise of 49% from the previous figure.

Overall, when comparing the 2012 and 2023 revisions, there has been no change in the guideline value, remaining at Rs 1,000 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kayar

Currently, there are no specific village figures available for Kayar. Villa Garden is one of the streets under the Thiruporur SRO, and there are no other streets in Kayar listed with their guideline values.

Stamp duty and registration fee for property in Villa Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty, charged at 7%, would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000. Together, the total cost for stamp duty and registration fee would be Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Villa Garden?

The Sub Registrar Office that covers Villa Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the property registration process in Kayar. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the costs involved in the transaction.

It is essential for buyers and sellers to be informed about the current guideline value, as it affects the overall financial obligations during the registration process. Accurate knowledge of the guideline value helps in making informed decisions during property transactions in Kayar.

Frequently asked questions

What is the current guideline value of Villa Garden?

The current guideline value of Villa Garden is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023. Overall, from 2012 to 2023, there has been no change in the guideline value.

What is the stamp duty rate for properties in Villa Garden?

The stamp duty rate for properties in Villa Garden is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in Villa Garden?

The registration fee for properties in Villa Garden is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Villa Garden?

The Thiruporur Sub Registrar Office handles property registrations for Villa Garden, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.