Guideline Value for V P Chatram

V P Chatram guideline value

The current guideline value of V P Chatram is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of V P Chatram has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a guideline value of Rs 1,000 per sq.ft. The 2024 revision has maintained the same value of Rs 1,000 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%, reflecting the same current value of Rs 1,000 per sq.ft.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for V P Chatram is above this median.

• Xl Estates: Rs 700 per sq.ft (2024)
• Vivekanandapuram: Rs 700 per sq.ft (2024)
• Vishnuprakash Nagar: Rs 700 per sq.ft (2024)
• Yug nagar: Rs 1,000 per sq.ft (2024)
• Vinus garden: Rs 700 per sq.ft (2024)
• Vinayaga nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in V P Chatram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. 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 to estimate your costs.

Which Sub Registrar Office covers V P Chatram?

The Sub Registrar Office covering V P Chatram is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

To find more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized assessment of property values.

When buying or selling property, it is essential to be aware that the guideline value may influence the final sale price, as it determines the minimum value on which taxes are calculated. Buyers and sellers should consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of V P Chatram?

The current guideline value of V P Chatram is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. The value remained unchanged from 2023 to 2024, maintaining the current rate of Rs 1,000 per sq.ft.

What are the other guideline values in Sriperumbudur A?

In Sriperumbudur A, other streets have guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, while V P Chatram's value is above this median.

What are the stamp duty and registration fees for property in V P Chatram?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total stamp duty and registration fees would amount to Rs 90,000.

Which office handles the registration for V P Chatram?

The Sriperumpudur Sub Registrar Office handles the registration for V P Chatram, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.