Guideline Value for V.G.P.Amudha Nagar 3rd Cross Street

V.G.P.Amudha Nagar 3rd Cross Street guideline value

The current guideline value of V.G.P.Amudha Nagar 3rd Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO, classified as Residential Special Type - I.

How the guideline value of V.G.P.Amudha Nagar 3rd Cross Street has changed

The guideline value for V.G.P.Amudha Nagar 3rd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 194 per sq.ft, which increased to Rs 213 per sq.ft in 2003. Following this, the value rose significantly to Rs 500 per sq.ft in 2007, marking an increase of 135%. The value then jumped to Rs 4,500 per sq.ft in 2012, an increase of 800%. However, it decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 4,500 per sq.ft in 2023, and finally, it reached Rs 4,950 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 2452%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for V.G.P.Amudha Nagar 3rd Cross Street is above this median.

• V.G.P.Amudha Nagar 2nd Main Road: Rs 4,950 per sq.ft (2024)
• V.G.P.Amudha Nagar 4th Cross Street: Rs 4,950 per sq.ft (2024)
• V.G.P.Amudha Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• V.G.P.Amudha Nagar 5th Cross Street: Rs 4,950 per sq.ft (2024)
• V.G.P.Amudha Nagar 1st Main Road: Rs 4,950 per sq.ft (2024)
• V.G.P.Amudha Nagar 1st Cross Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P.Amudha Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost together to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or 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.Amudha Nagar 3rd Cross Street?

The V.G.P.Amudha Nagar 3rd Cross Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Maduravoyal. It serves as the benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved in the transaction. The fees are based on the higher of the guideline value or the sale price, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of V.G.P.Amudha Nagar 3rd Cross Street?

The current guideline value of V.G.P.Amudha Nagar 3rd Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 194 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 2452% over the years.

What is the land classification for V.G.P.Amudha Nagar 3rd Cross Street?

V.G.P.Amudha Nagar 3rd Cross Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500, and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles the registration for V.G.P.Amudha Nagar 3rd Cross Street?

The registration for V.G.P.Amudha Nagar 3rd Cross Street is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.