Guideline Value for Vimal Nagar

Vimal Nagar guideline value

The current guideline value of Vimal Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area falls under Vengadamangalam village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Vimal Nagar has changed

The guideline value for Vimal Nagar has undergone several revisions over the years. The most recent revision in 2023 set the value at Rs 700 per sq.ft, an increase of 49% from Rs 469 per sq.ft in the 2017 revision. Prior to that, in 2012, the guideline value was also Rs 700 per sq.ft, which marked a decrease of 33% from Rs 700 in 2017. In 2007, the value was significantly lower at Rs 167 per sq.ft, reflecting a substantial increase of 319% to the 2012 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 319%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Vimal Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vengadamangalam listed at this time.

Stamp duty and registration fee for property in Vimal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees together to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vimal Nagar?

The Sub Registrar Office that covers Vimal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find more details about your specific SRO, visit find your SRO.

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

When buying or selling property in Vengadamangalam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value set by the registration department, which ensures a standardized valuation for properties in the area.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding these values helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Vimal Nagar?

The current guideline value of Vimal Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen significant changes, with the most recent being an increase of 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the registration office for Vimal Nagar?

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price of the property.

Are there any other streets in Vengadamangalam?

Currently, there are no other streets listed in Vengadamangalam under the Gooduvancheri SRO.