Guideline Value for V.G. N. Road

V.G. N. Road guideline value

The current guideline value of V.G. N. Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This road is located in Chennerkuppam village under the Kunrathur SRO, classified as Residential Class I Type - II.

How the guideline value of V.G. N. Road has changed

The guideline value for V.G. N. Road has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012. However, it then decreased to Rs 938 per sq.ft in 2017. The value rose again to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,540 per sq.ft from the 2024 revision.

In terms of percentage changes, the guideline value increased by 180% from 2007 to 2012, decreased by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 208% from 2007 to 2024.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the current guideline value of V.G. N. Road.

• V.G.N. Avenue: Rs 1,540 per sq.ft (2024)
• V.N.D.Nagar: Rs 1,540 per sq.ft (2024)
• V.N.D Nagar Extension: Rs 1,540 per sq.ft (2024)
• Vanuver Veethi: Rs 1,320 per sq.ft (2024)
• Vaniyar Street: Rs 1,320 per sq.ft (2024)
• Vallaler Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in V.G. N. Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers V.G. N. Road?

The Sub Registrar Office that covers V.G. N. Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Chennerkuppam. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during a property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, helping to maintain transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of V.G. N. Road?

The current guideline value of V.G. N. Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 208% over the years.

What are the stamp duty and registration fees for property in V.G. N. Road?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600 based on the current guideline value.

Which office handles property registrations for V.G. N. Road?

The Kunrathur Sub Registrar Office handles property registrations for V.G. N. Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Chennerkuppam?

The median guideline value in Chennerkuppam is Rs 1,540 per sq.ft, which is the same as the current guideline value for V.G. N. Road.