Guideline Value for Western Gate of Daniel

Western Gate of Daniel guideline value

The current guideline value for Western Gate of Daniel is Rs 3,300 per sq.ft. This property is located in Vengambakkam village, under the Tambaram Joint 1 SRO, and is classified as Mixed Special Type - I.

How the guideline value of Western Gate of Daniel has changed

Over the years, the guideline value for Western Gate of Daniel has seen significant changes. The 2017 revision set the value at Rs 2,000 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 50% rise. The current 2024 revision has further increased the value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median guideline value in the village is Rs 770 per sq.ft, placing Western Gate of Daniel's 2024 figure above this median.

• V.O.C. Street: Rs 440 per sq.ft (2024)
• Victory Avenue Extn: Rs 1,320 per sq.ft (2024)
• Victory Avenue: Rs 1,320 per sq.ft (2024)
• Victor Avenue 1st Main Road: Rs 1,430 per sq.ft (2024)
• Vasantham Avenue Extension: Rs 1,430 per sq.ft (2024)
• Vamanan Small City: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Western Gate of Daniel

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is essential 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 Western Gate of Daniel?

The Western Gate of Daniel falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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 duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value for Western Gate of Daniel?

The current guideline value for Western Gate of Daniel is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 65% during this period.

What is the median guideline value in Vengambakkam?

The median guideline value in Vengambakkam is Rs 770 per sq.ft, with Western Gate of Daniel's value being above this median at Rs 3,300 per sq.ft.

How is stamp duty calculated for properties in Western Gate of Daniel?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.

Where is the Tambaram Joint 1 Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.