Guideline Value for V.G.N Nagar

V.G.N Nagar guideline value

The current guideline value of V.G.N Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for V.G.N Nagar is Residential Special Type - I.

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

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it was noted as Rs 804 per sq.ft, indicating a decrease of 33%. However, the most recent revision in 2023 shows a significant increase to Rs 1,200 per sq.ft, marking a rise of 49% from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 1,200 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. This lack of data means that the only revisions we can reference for V.G.N Nagar are from 2012, 2017, and 2023.

Guideline values in Urapakkam

While there are no specific village figures provided for Urapakkam, V.G.N Nagar is part of this locality. The current guideline value per sq.ft for V.G.N Nagar is Rs 1,200, and it is essential for potential buyers and sellers to be aware of this value when considering transactions.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000. Together, the total cost for stamp duty and registration fee would be Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers V.G.N Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Urapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the transaction.

When a property is sold, the guideline value is compared with the sale price. The stamp duty and registration fees are calculated based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions. Understanding the guideline value is essential for both parties involved in the sale.

Frequently asked questions

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

The current guideline value of V.G.N Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then back to Rs 1,200 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained unchanged.

What is the registration office for V.G.N Nagar?

The registration office for V.G.N Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated in V.G.N Nagar?

Stamp duty in V.G.N Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 84,000.

Are there other streets in Urapakkam with guideline values?

No specific figures for other streets in Urapakkam have been provided. Therefore, V.G.N Nagar is the focus for guideline values in this area.