Guideline Value for V.G.P. Chakra Town - II

V.G.P. Chakra Town - II guideline value

The current guideline value for V.G.P. Chakra Town - II is Rs 600 per sq.ft. This property is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of V.G.P. Chakra Town - II has changed

The guideline value for V.G.P. Chakra Town - II has remained consistent at Rs 600 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 402 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023.

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

Guideline values in Nemili_B

Nemili_B village has a total of 97 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for V.G.P. Chakra Town - II is above this median.

• V.G.P. Chakra Town - I: Rs 600 per sq.ft (2024)
• Vigneshwara Nagar: Rs 600 per sq.ft (2024)
• Venkateswara nagar extn: Rs 250 per sq.ft (2024)
• Venkateswara Nagar: Rs 250 per sq.ft (2024)
• Venkatachalam Nagar Extn: Rs 250 per sq.ft (2024)
• Venkatachalam Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P. Chakra Town - II

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value is Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important 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 precise calculations.

Which Sub Registrar Office covers V.G.P. Chakra Town - II?

The V.G.P. Chakra Town - II falls under 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 Nemili_B

The guideline value plays a crucial role during property transactions in Nemili_B. It is utilized to determine the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value is referenced to ensure that the transaction adheres to the legal requirements set by the Registration Department. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value for V.G.P. Chakra Town - II?

The current guideline value for V.G.P. Chakra Town - II is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. It was Rs 402 per sq.ft in 2017, showing a 49% increase from 2017 to 2023.

What is the land classification for V.G.P. Chakra Town - II?

V.G.P. Chakra Town - II is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for V.G.P. Chakra Town - II?

The Sub Registrar Office covering V.G.P. Chakra Town - II is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in V.G.P. Chakra Town - II?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total guideline value is Rs 6,00,000, leading to a stamp duty of Rs 42,000.