Guideline Value for Welcome Colony

Welcome Colony guideline value

The current guideline value of Welcome Colony is Rs 800 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 - II.

How the guideline value of Welcome Colony has changed

Over the years, the guideline value of Welcome Colony has seen several revisions. The earliest recorded value was Rs 160 per sq.ft in the 2007 revision. This figure increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 400% rise. However, by the 2017 revision, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 800 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 400%. 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 available for Vengadamangalam. The guideline value for Welcome Colony is Rs 800 per sq.ft. There are no other streets in Vengadamangalam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Welcome Colony

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the 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 Welcome Colony?

The Sub Registrar Office that covers Welcome Colony 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 details.

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

The guideline value is a crucial factor when registering property transactions in Vengadamangalam. 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 both parties understand the baseline value of the property. It is essential to keep in mind that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Welcome Colony?

The current guideline value of Welcome Colony is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 400% from Rs 160 per sq.ft to Rs 800 per sq.ft in 2023, with various fluctuations in between.

What is the stamp duty rate for properties in Welcome Colony?

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

Where is the Gooduvancheri SRO located?

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

Are there other streets in Vengadamangalam with guideline values listed?

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