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 area is located in Uthamanalloor village under the Acchirapakkam SRO and is classified as Residential Special Type - III.

How the guideline value of V R R Garden has changed

According to the guideline value register, the 2024 revision shows a rate of Rs 110 per sq.ft, which is the same as the 2023 revision. This indicates that there has been no change in the guideline value from 2023 to 2024, with an increase of 0%.

For the years prior to 2023, the register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available revisions are from 2023 and 2024, both at Rs 110 per sq.ft.

Guideline values in Uthamanalloor

Currently, there are no specific guideline values provided for other streets in Uthamanalloor. V R R Garden is the only street listed with a guideline value of Rs 110 per sq.ft as per the latest revision.

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 is calculated at 7%, which totals Rs 7,700, and the registration fee at 2% amounts to Rs 2,200. Together, these fees total Rs 9,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers V R R Garden?

The V R R Garden area falls under the Acchirapakkam Sub Registrar Office located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial component in the registration process of property transactions in Uthamanalloor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum sale price for registration purposes. This means that both the buyer and seller must consider the guideline value when negotiating the sale price to ensure compliance with local regulations.

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.

Have there been any changes in the guideline value recently?

Yes, the guideline value has remained unchanged from the 2023 revision to the 2024 revision, both set at Rs 110 per sq.ft.

What is the land classification for V R R Garden?

V R R Garden is classified as Residential Special Type - III according to the guideline value register.

Where is the Acchirapakkam Sub Registrar Office located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for properties in V R R Garden?

Stamp duty for properties in V R R Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 7,700 based on the current guideline value.