Guideline Value for V P SWAMY NAGAR

V P Swamy Nagar guideline value

The current guideline value of V P Swamy Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Anumandhapuram village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of V P Swamy Nagar has changed

In the 2024 revision, the guideline value for V P Swamy Nagar was set at Rs 200 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there has been no change in the guideline value, maintaining a consistent rate of Rs 200 per sq.ft. The absence of figures in previous revisions indicates that the guideline value for this street has remained stable in recent years.

Guideline values in Anumandhapuram

In Anumandhapuram, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft, with a median value of Rs 402 per sq.ft. V P Swamy Nagar's 2024 figure is below this median.

• Viswanatha Puram: Rs 401 per sq.ft (2024)
• Veerabathira Nagar: Rs 401 per sq.ft (2024)
• Shridi Sai Nagar: Rs 402 per sq.ft (2024)
• Senthamizh Nagar: Rs 400 per sq.ft (2024)
• M.M.Nagar: Rs 700 per sq.ft (2024)
• Kanaga Raman Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in V P Swamy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V P Swamy Nagar?

The Sub Registrar Office that covers V P Swamy Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Anumandhapuram. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable.

When a property is sold, the guideline value serves as a benchmark to ensure that the sale price is in accordance with government regulations. Buyers and sellers must consider this value to avoid potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of V P Swamy Nagar?

The current guideline value of V P Swamy Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for V P Swamy Nagar has remained at Rs 200 per sq.ft since the 2023 revision, with no figures available for previous years like 2017, 2012, 2007, 2003, and 2002.

What is the land classification for V P Swamy Nagar?

V P Swamy Nagar is classified as Residential Class I Type - II, indicating its designation for residential use.

Where can I find the Sub Registrar Office for V P Swamy Nagar?

The Chengleput Joint II Sub Registrar Office covers V P Swamy Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in V P Swamy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.