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_C village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

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 seen several revisions over the years. The most recent revision in 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. It should be noted that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a consistent increase of 49% in the guideline value. The stability in the recent revisions from 2023 to 2024 indicates that the value has remained unchanged during this period.

Guideline values in Vadakal_C

In Vadakal_C, there are a total of 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value. These values range from Rs 150 to Rs 1,500 per sq.ft, with a median guideline value of Rs 400 per sq.ft. The guideline value of V.G.P. Vinoth Town Part III is below this 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)
• Welcome City: Rs 550 per sq.ft (2024)
• Vasantham Nature City (Sri Aurobindo Nagar): Rs 400 per sq.ft (2024)
• Vasantham Nagar: Rs 750 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 guideline value of Rs 200 per sq.ft, the total 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 to Rs 18,000. It is important to note that 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. Vinoth Town Part III?

The V.G.P. Vinoth Town Part III 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 details.

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

The guideline value is a crucial factor when registering property transactions in Vadakal_C. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft for both the 2023 and 2024 revisions. From 2017 to 2023, there was a 49% increase from Rs 134 per sq.ft.

What is the land classification for V.G.P. Vinoth Town Part III?

The land classification for V.G.P. Vinoth Town Part III is Residential Class III Type - I.

Where can I find the registration office for V.G.P. Vinoth Town Part III?

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

How is stamp duty calculated for properties in Vadakal_C?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at a guideline value of Rs 200 per sq.ft has a total guideline value of Rs 2,00,000, which would incur stamp duty and registration fees accordingly.