Guideline Value for V.G.P./ NAGAR

V.G.P./ Nagar guideline value

The current guideline value for V.G.P./ Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of V.G.P./ Nagar has changed

The guideline value of V.G.P./ Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, an increase from Rs 1,500 per sq.ft in 2023, reflecting a change of +10%. Prior to that, in 2017, the value was Rs 1,005 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. In 2012, the value was Rs 1,500 per sq.ft, showing a decrease of -33% to the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that have a guideline value for 2024, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing V.G.P./ Nagar's 2024 figure above that median.

• Vivekanatha Salai: Rs 1,320 per sq.ft (2024)
• V.M. Nagar: Rs 1,650 per sq.ft (2024)
• V.O.Saminathan Street: Rs 1,100 per sq.ft (2024)
• 1'st Cross Street: Rs 550 per sq.ft (2024)
• 2'nd Cross Street: Rs 550 per sq.ft (2024)
• Varadha Rajapuram & Varadha Raja Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P./ Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, leading to a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers V.G.P./ Nagar?

The V.G.P./ Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Periyakuppam. When buying or selling property, the guideline value serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property transactions. This helps in avoiding any discrepancies that may arise during the registration process.

Frequently asked questions

What is the current guideline value of V.G.P./ Nagar?

The current guideline value of V.G.P./ Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, an increase of +10%. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing various changes over the years.

What are the other streets in Periyakuppam?

Other streets in Periyakuppam include Vivekanatha Salai, V.M. Nagar, V.O.Saminathan Street, 1'st Cross Street, 2'nd Cross Street, and Varadha Rajapuram & Varadha Raja Nagar, each with their respective guideline values for 2024.

What is the stamp duty rate for property in V.G.P./ Nagar?

The stamp duty rate for property in V.G.P./ Nagar is 7% of the guideline value or sale price, whichever is higher. This will be calculated based on the current guideline value.

Where can I find the Sub Registrar Office for V.G.P./ Nagar?

The Sub Registrar Office covering V.G.P./ Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.