Guideline Value for V.G.N. NAGAR

V.G.N. Nagar guideline value

The current guideline value of V.G.N. Nagar is Rs 500 per sq.ft, as per the 2023 revision. This area falls under Pakkam village and is classified as Residential Class II Type - II by the Tiruvallur Joint 1 SRO.

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

Over the years, the guideline value of V.G.N. Nagar has undergone several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the guideline value saw a significant increase of 87%, reaching Rs 500 per sq.ft in the latest revision.

Overall, from the 2012 revision to the 2023 revision, the guideline value has increased by 25%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Pakkam

Currently, there are no specific village figures provided for Pakkam. The guideline value of V.G.N. Nagar is established at Rs 500 per sq.ft. There are no other streets in Pakkam under the Tiruvallur Joint 1 SRO listed.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 further calculations.

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

The V.G.N. Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Pakkam. It is utilized to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value may affect the total cost of the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. It is essential to check the most current guideline value to ensure accurate financial planning for property transactions.

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 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then increased to Rs 500 per sq.ft in 2023. Overall, from 2012 to 2023, there has been a 25% increase.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 5,00,000. The stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

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

The Tiruvallur Joint 1 Sub Registrar Office covers V.G.N. Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Are there other streets in Pakkam under the Tiruvallur Joint 1 SRO?

Currently, there are no other streets in Pakkam listed under the Tiruvallur Joint 1 SRO.