Guideline Value for V.G.N Paradise

V.G.N Paradise guideline value

The current guideline value of V.G.N Paradise, located in Ernavur village under the Thiruvottiyur SRO, is Rs 5,800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - III land classification.

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

The guideline value for V.G.N Paradise has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 5,800 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the current value represents the first recorded guideline value for V.G.N Paradise.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. V.G.N Paradise's 2024 guideline value is above this median.

• Vivegananthan Street: Rs 1,800 per sq.ft (2024)
• Vasantham Colony: Rs 1,400 per sq.ft (2024)
• Varadharaja Perumal Nagar: Rs 3,300 per sq.ft (2024)
• Valluvar Nagar: Rs 1,400 per sq.ft (2024)
• Thiruvotthiyur High Road: Rs 3,800 per sq.ft (2024)
• Thiruveethiyamman Koil Street: Rs 1,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, totaling Rs 5,22,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The V.G.N Paradise area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ernavur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, reflecting the legal value of the property. This helps in maintaining transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

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

The current guideline value of V.G.N Paradise is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for V.G.N Paradise has not had any recorded figures in the years 2002, 2003, 2007, 2012, 2017, and 2023. The first recorded guideline value is Rs 5,800 per sq.ft from the 2024 revision.

What are the guideline values of other streets in Ernavur?

Other streets in Ernavur have varying guideline values. For example, Vivegananthan Street has a guideline value of Rs 1,800 per sq.ft, while Varadharaja Perumal Nagar has a value of Rs 3,300 per sq.ft as of 2024.

What fees are associated with buying property in V.G.N Paradise?

When buying property in V.G.N Paradise, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a 1,000 sq.ft plot, these fees would total Rs 5,22,000.

Which office handles the registration for V.G.N Paradise?

The registration for V.G.N Paradise is handled by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.