Guideline Value for V.G.P. THIRUNAGAR-PART-I

V.G.P. Thirunagar-Part-I guideline value

The current guideline value for V.G.P. Thirunagar-Part-I is Rs 100 per sq.ft. This property is located in Devanthavakkam village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of V.G.P. Thirunagar-Part-I has changed

The guideline value for V.G.P. Thirunagar-Part-I has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was a decrease of 33% from the 2017 revision figure of Rs 67 per sq.ft. The value remained unchanged at Rs 100 per sq.ft in the subsequent revisions of 2023 and 2024, indicating a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 0% as it returned to the same figure of Rs 100 per sq.ft.

Guideline values in Devanthavakkam

In Devanthavakkam, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The guideline value for V.G.P. Thirunagar-Part-I aligns with the median value for the village.

• V.G.P.Thirunagar Part-II: Rs 100 per sq.ft (2024)
• V.G.P.Thirunagar-Part-III: Rs 100 per sq.ft (2024)
• Thirumailai Nagar: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 100 per sq.ft (2024)
• Kalaingar Karunanithi Nagar: Rs 100 per sq.ft (2024)
• Eden Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P. Thirunagar-Part-I

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers V.G.P. Thirunagar-Part-I?

The Sub Registrar Office that covers V.G.P. Thirunagar-Part-I is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai, with the postal code 602026. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Devanthavakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of V.G.P. Thirunagar-Part-I?

The current guideline value of V.G.P. Thirunagar-Part-I is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 67 per sq.ft in 2017 to 2023. The value did not change from 2023 to 2024.

What is the classification of V.G.P. Thirunagar-Part-I?

V.G.P. Thirunagar-Part-I is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, Chennai, with the postal code 602026.

How is the stamp duty calculated for properties in V.G.P. Thirunagar-Part-I?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.