Guideline Value for V.G.P. Ramanjar Nagar I II III

V.G.P. Ramanjar Nagar I II III guideline value

The current guideline value of V.G.P. Ramanjar Nagar I II III is Rs 700 per sq.ft. This property 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. Ramanjar Nagar I II III has changed

Over the years, the guideline value for V.G.P. Ramanjar Nagar I II III has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, which is consistent with the previous revision in 2023. The 2017 revision recorded a guideline value of Rs 469 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. However, from 2023 to 2024, there was no change in the guideline value, resulting in an overall increase of 49% from 2017 to 2024.

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 guideline value for these streets is Rs 700 per sq.ft, placing V.G.P. Ramanjar Nagar I II III at the median value.

• V.G.P Ramanujar Town: 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. Ramanjar Nagar I II III

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, bringing the total fees to Rs 63,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.G.P. Ramanjar Nagar I II III?

The V.G.P. Ramanjar Nagar I II III falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which the 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 used to calculate the stamp duty and registration fees based on the property’s value. Buyers should be aware that these fees will be assessed on either the guideline value or the sale price, whichever is higher, thus influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of V.G.P. Ramanjar Nagar I II III?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2023, with a significant increase of 49% from Rs 469 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for V.G.P. Ramanjar Nagar I II III?

V.G.P. Ramanjar Nagar I II III is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for V.G.P. Ramanjar Nagar I II III?

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

How is the stamp duty calculated for properties in V.G.P. Ramanjar Nagar I II III?

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