Guideline Value for V.G.P Santhosh Nagar

V.G.P Santhosh Nagar guideline value

The current guideline value of V.G.P Santhosh Nagar 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 Santhosh Nagar has changed

The guideline value for V.G.P Santhosh Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The 2024 revision maintains this value at Rs 700 per sq.ft, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of V.G.P Santhosh Nagar.

• V.G.P Santhosapuram Part I: Rs 700 per sq.ft (2024)
• V.G.P Ramanujar Town: Rs 700 per sq.ft (2024)
• V.G.P. Ramanjar Nagar I II III: 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 Santhosh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.P Santhosh Nagar?

The Sub Registrar Office covering V.G.P Santhosh Nagar 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 is a crucial factor when registering property transactions in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than individual sale prices.

When buying or selling property, the guideline value helps in determining the official value of the property, which is necessary for legal documentation. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of V.G.P Santhosh Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and remains the same in 2024, reflecting a 49% increase overall from 2017 to 2024.

What is the land classification for V.G.P Santhosh Nagar?

V.G.P Santhosh Nagar is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for V.G.P Santhosh Nagar?

The Sub Registrar Office for V.G.P Santhosh Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in V.G.P Santhosh Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 7,00,000, the stamp duty would be Rs 49,000 at 7%.