Guideline Value for Zora Garden

Zora Garden guideline value

The current guideline value of Zora Garden is Rs 800 per sq.ft. It is located in Vengadamangalam village under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Zora Garden has changed

The guideline value for Zora Garden has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 800 per sq.ft, representing a significant rise of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 800 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Zora Garden is one of the streets in this village, and there are no other streets in Vengadamangalam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Zora Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total 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 higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Zora Garden?

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

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Vengadamangalam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are calculated based on this value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property registration. The stamp duty and registration fees are charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Zora Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then back to Rs 800 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained the same.

What is the stamp duty rate for properties in Zora Garden?

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

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the registration fee calculated for properties in Zora Garden?

The registration fee for properties in Zora Garden is calculated at 2% of the guideline value or the sale price, whichever is higher. This fee is in addition to the stamp duty charged during the registration process.