Guideline Value for V R R GARDEN

V R R Garden guideline value

The current guideline value of V R R Garden is Rs 110 per sq.ft, effective from 1 July 2024. This property is located in Thimmapuram village and falls under the Acchirapakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of V R R Garden has changed

According to the guideline value register, the 2024 revision sets the value at Rs 110 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, remaining at Rs 110 per sq.ft. This consistency reflects stability in the valuation for V R R Garden over the past two years.

Guideline values in Thimmapuram

In Thimmapuram, three streets under the Acchirapakkam SRO have a 2024 guideline value ranging from Rs 110 to Rs 200 per sq.ft, with a median value of Rs 150 per sq.ft. V R R Garden's 2024 figure is below this median.

• Sslf City Deepam Nagar: Rs 150 per sq.ft (2024)
• Anna Co-Operative Nagar Phase-I: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in V R R Garden

For a 1,000 sq.ft plot at the current rate of Rs 110 per sq.ft, the guideline value amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total to Rs 9,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V R R Garden?

The V R R Garden area is covered by the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thimmapuram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of V R R Garden?

The current guideline value of V R R Garden is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 110 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Thimmapuram?

In Thimmapuram, the guideline values for other streets range from Rs 150 to Rs 200 per sq.ft. V R R Garden's value is below the median of Rs 150 per sq.ft.

What are the stamp duty and registration fees in V R R Garden?

For a plot of 1,000 sq.ft at Rs 110 per sq.ft, the total guideline value is Rs 1,10,000. The stamp duty would be Rs 7,700 and the registration fee would be Rs 2,200, totaling Rs 9,900.

Which office handles registrations for V R R Garden?

The Acchirapakkam Sub Registrar Office handles registrations for V R R Garden, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.