Guideline Value for Value Garden

Value Garden guideline value

The current guideline value of Value Garden, located in Mambakkam village under the Gooduvancheri SRO, is Rs 1,350 per sq.ft. This classification falls under Commercial Class I Type - III.

How the guideline value of Value Garden has changed

In the 2012 revision, the guideline value was set at Rs 1,350 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 904 per sq.ft, reflecting a drop of 33%. However, the most recent revision in 2023 saw the guideline value rise to Rs 1,350 per sq.ft again, marking a significant increase of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained constant at Rs 1,350 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Value Garden is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Value Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,350 per sq.ft, the guideline value amounts to Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, bringing the total to Rs 1,21,500. It is essential 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 information.

Which Sub Registrar Office covers Value Garden?

The Gooduvancheri Sub Registrar Office covers Value Garden. The address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO here.

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

The guideline value is a crucial factor in property transactions in Mambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important to ensure that the sale price is at least equal to the guideline value to avoid any legal complications during the registration process. This ensures transparency and adherence to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Value Garden?

The current guideline value of Value Garden is Rs 1,350 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,350 per sq.ft in 2012 to Rs 904 per sq.ft in 2017, and then back to Rs 1,350 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What are the stamp duty and registration fees for property in Value Garden?

For a 1,000 sq.ft plot, the stamp duty would be Rs 94,500 and the registration fee would be Rs 27,000, totaling Rs 1,21,500. These fees are based on the guideline value of Rs 13,50,000.

Which office handles registrations for Value Garden?

The Gooduvancheri Sub Registrar Office handles registrations for Value Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Mambakkam with guideline values?

No specific figures for other streets in Mambakkam have been provided, and currently, Value Garden is the only street mentioned under the Gooduvancheri SRO.