Guideline Value for V.G.N. TEMPLE TOWN

V.G.N. Temple Town guideline value

The current guideline value for V.G.N. Temple Town is Rs 1,760 per sq.ft, effective from 1 July 2024. This property is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of V.G.N. Temple Town has changed

Over the years, the guideline value for V.G.N. Temple Town has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. However, the guideline value increased significantly to Rs 1,600 per sq.ft in 2023, and further rose by 10% to Rs 1,760 per sq.ft in the 2024 revision.

In summary, the changes between revisions are notable. From 2017 to 2023, there was a substantial increase of 59%. The jump from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 and 2024 figures, the guideline value has increased by 17%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, placing V.G.N. Temple Town's 2024 figure above this median.

• Venkatesan Nagar: Rs 1,540 per sq.ft (2024)
• Vedhapureeshwarar Koil Street: Rs 1,540 per sq.ft (2024)
• Vedhapureeshwarar Cross Koil Street: Rs 1,540 per sq.ft (2024)
• Yadaval Street: Rs 1,540 per sq.ft (2024)
• Yadaval Street Mayana Road: Rs 1,540 per sq.ft (2024)
• Udhaumkarangal Main Road: Rs 1,760 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, leading to a total of Rs 1,58,400. Duty is charged on the guideline value or the sale price, whichever is higher.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.N. Temple Town?

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

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

The guideline value is a key factor in the registration process for property transactions in Thiruverkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is essential for calculating the stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value for V.G.N. Temple Town?

The current guideline value for V.G.N. Temple Town is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for V.G.N. Temple Town?

V.G.N. Temple Town is classified as Residential Special Type - I.

Which Sub Registrar Office is responsible for V.G.N. Temple Town?

The Kunrathur Sub Registrar Office is responsible for V.G.N. Temple Town, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in V.G.N. Temple Town?

Stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property. For example, for a plot valued at Rs 17,60,000, the stamp duty at 7% would be Rs 1,23,200.