Guideline Value for V.G.P. Vinoth Town Part III

V.G.P. Vinoth Town Part III guideline value

The current guideline value of V.G.P. Vinoth Town Part III is Rs 200 per sq.ft. This property is located in Vadakal_B village, under the Sriperumpudur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of V.G.P. Vinoth Town Part III has changed

The guideline value for V.G.P. Vinoth Town Part III has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, maintains the guideline value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 134 per sq.ft, indicating a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only relevant revisions for understanding the guideline value changes are from 2017, 2023, and 2024.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,900 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing V.G.P. Vinoth Town Part III's 2024 figure below that median.

• V.G.P.Vinoth Town Part II: Rs 200 per sq.ft (2024)
• V.G.P.Vinoth Town: Rs 200 per sq.ft (2024)
• Velalar Street: Rs 300 per sq.ft (2024)
• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Tristar City: Rs 150 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P. Vinoth Town Part III

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers V.G.P. Vinoth Town Part III?

The V.G.P. Vinoth Town Part III is covered by 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 Vadakal_B

The guideline value plays a crucial role in the registration process when buying or selling property in Vadakal_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When a property is registered, the guideline value is considered to determine the applicable taxes and fees. Buyers and sellers should be aware that the higher amount between the guideline value and the sale price will be used for calculating these charges.

Frequently asked questions

What is the current guideline value for V.G.P. Vinoth Town Part III?

The current guideline value for V.G.P. Vinoth Town Part III is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% rise over that period.

What are the other streets in Vadakal_B with similar guideline values?

Other streets in Vadakal_B with similar guideline values include V.G.P.Vinoth Town Part II and V.G.P.Vinoth Town, both at Rs 200 per sq.ft for 2024.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total fee of Rs 18,000.

Which office handles the registration for V.G.P. Vinoth Town Part III?

The registration for V.G.P. Vinoth Town Part III is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.