Guideline Value for V.G.N. AMITY

V.G.N. Amity guideline value

The current guideline value of V.G.N. Amity is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - IV.

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

The guideline value for V.G.N. Amity has undergone several revisions over the years. The earliest recorded figure is from 2017, where it was Rs 1,005 per sq.ft. In 2023, the value increased to Rs 1,500 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for V.G.N. Amity is above this median.

• V.G.N.Gokulam Garden: Rs 1,650 per sq.ft (2024)
• Vetri Nagar: Rs 950 per sq.ft (2024)
• V.G.N.Royal Enclave: Rs 1,650 per sq.ft (2024)
• Vivekananda Nagar: Rs 1,625 per sq.ft (2024)
• Vivekananda Nagar (North) Anna St: Rs 1,625 per sq.ft (2024)
• Vivekananda Nagar (North) Cheran St: Rs 1,625 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The V.G.N. Amity property falls under the jurisdiction of the Avadi Sub Registrar Office located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Paruthipattu. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

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

The current guideline value of V.G.N. Amity is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for V.G.N. Amity?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. This results in a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000, totaling Rs 1,48,500.

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

The Avadi Sub Registrar Office covers V.G.N. Amity, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for V.G.N. Amity?

V.G.N. Amity is classified as Residential Special Type - IV, which is important for understanding the zoning and development regulations applicable to the property.