Guideline Value for Vatchala Garden

Vatchala Garden guideline value

The current guideline value of Vatchala Garden, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Vatchala Garden has changed

The guideline value for Vatchala Garden has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft. The 2023 revision brought the value back to Rs 1,000 per sq.ft, and the current 2024 revision maintains this figure, reflecting no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the overall change from the 2012 revision to the 2024 revision shows no net change, as the value has returned to Rs 1,000 per sq.ft. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which aligns with the current value for Vatchala Garden.

• Vatchala Garden II: Rs 1,000 per sq.ft (2024)
• Vatchala Garden Phase -II: 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

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 at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vatchala Garden?

The Sub Registrar Office that covers Vatchala Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-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 plays a crucial role during the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Vatchala Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 in 2012 to Rs 670 in 2017, then back to Rs 1,000 in 2023 and 2024, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for Vatchala Garden?

The land classification for Vatchala Garden is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Vatchala Garden?

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

How is the stamp duty calculated for properties in Vatchala Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the stamp duty would be Rs 70,000 based on the guideline value.