Guideline Value for V.G.P Ramanujar Town

V.G.P Ramanujar Town guideline value

The current guideline value of V.G.P Ramanujar Town is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of V.G.P Ramanujar Town has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The 2024 revision continues this trend, maintaining the guideline value at Rs 700 per sq.ft, resulting in a 49% increase from the 2017 revision to the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has increased by 49% overall from 2017 to 2024, with no change from 2023 to 2024.

Guideline values in Sriperumbudur A

V.G.P Ramanujar Town's guideline value of Rs 700 per sq.ft aligns with the median value of Rs 700 per sq.ft among the 238 streets in Sriperumbudur A under the Sriperumpudur SRO, which range from Rs 400 to Rs 3,000 per sq.ft.

• V.G.P. Ramanjar Nagar I II III: Rs 700 per sq.ft (2024)
• V.G.P Santhosapuram Part I: Rs 700 per sq.ft (2024)
• V.G.P Santhosh Nagar: Rs 700 per sq.ft (2024)
• VGP Chakra Town: Rs 700 per sq.ft (2024)
• Vignesh Nagar: Rs 700 per sq.ft (2024)
• Vijaya Sankara Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P Ramanujar Town

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.G.P Ramanujar Town?

The Sub Registrar Office that covers V.G.P Ramanujar Town is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is important to be aware of the guideline value, as it may influence the negotiation process and the final sale price. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of V.G.P Ramanujar Town?

The current guideline value of V.G.P Ramanujar Town is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024. There have been no changes in the guideline value from 2023 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the guideline value of Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office should I approach for transactions in V.G.P Ramanujar Town?

The Sriperumpudur Sub Registrar Office covers V.G.P Ramanujar Town, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of V.G.P Ramanujar Town?

V.G.P Ramanujar Town is classified as Residential Class III Type - I, indicating its suitability for residential developments.