Guideline Value for Vatchala Garden

Vatchala Garden guideline value

The current guideline value of Vatchala Garden in Kavanur village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Vatchala Garden has changed

Looking at the historical revisions, the guideline value for Vatchala Garden was Rs 500 per sq.ft in both 2023 and 2024, showing no change between these two years. Prior to this, in 2017, the value was Rs 335 per sq.ft, which indicates an increase of 49% from 2017 to 2023. In 2012, the guideline value was also Rs 500 per sq.ft, marking a decrease of 33% when compared to the 2017 figure.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 500 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft, with a median value of Rs 800 per sq.ft. Vatchala Garden's 2024 figure is below this median.

• Vaishnavi Nagar: Rs 700 per sq.ft (2024)
• V.G.N. Southern County Phase-II: Rs 600 per sq.ft (2024)
• Vgn Southern Meadows Phase IV: Rs 2,239 per sq.ft (2024)
• Toshan Garden: Rs 800 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 500 per sq.ft (2024)
• Vinoth Nagar: Rs 700 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, which amounts to Rs 35,000, and the registration fee is charged at 2%, amounting to Rs 10,000. Together, the total cost for stamp duty and registration fee is Rs 45,000. It is important to note that 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 Vatchala Garden?

The Vatchala Garden area is covered by 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 further assistance.

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

The guideline value is a crucial aspect when registering property transactions in Kavanur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly affect the total cost involved in the transaction.

Frequently asked questions

What is the current guideline value of Vatchala Garden?

The current guideline value of Vatchala Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in both 2023 and 2024. It increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2012, and overall, there has been no change from 2012 to 2024.

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

For a plot of 1,000 sq.ft at the guideline value of Rs 500 per sq.ft, the total guideline value is Rs 5,00,000. The stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which Sub Registrar Office covers Vatchala Garden?

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

What is the land classification of Vatchala Garden?

Vatchala Garden is classified as Residential Class II Type - I, indicating its designation for residential development within the area.