Guideline Value for V.G.P.Amudha Nagar 4th Cross Street

V.G.P.Amudha Nagar 4th Cross Street guideline value

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

How the guideline value of V.G.P.Amudha Nagar 4th Cross Street has changed

The guideline value for V.G.P.Amudha Nagar 4th Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 194 per sq.ft, which increased to Rs 213 per sq.ft in 2003. The value then rose sharply to Rs 500 per sq.ft in 2007, followed by a substantial jump to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The value increased again to Rs 4,500 per sq.ft in 2023, and finally, it reached Rs 4,950 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,452%. The changes between revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, an 800% increase from 2007 to 2012, a 135% increase from 2003 to 2007, and a 10% increase from 2002 to 2003. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, placing V.G.P.Amudha Nagar 4th Cross Street above this median.

• V.G.P.Amudha Nagar 3rd Cross Street: Rs 4,950 per sq.ft (2024)
• V.G.P.Amudha Nagar 5th Cross Street: Rs 4,950 per sq.ft (2024)
• V.G.P.Amudha Nagar 2nd Main Road: 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 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 4th 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 to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers V.G.P.Amudha Nagar 4th Cross Street?

The Sub Registrar Office that covers V.G.P.Amudha Nagar 4th Cross Street is 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 plays a crucial role in the registration process when buying or selling property in Maduravoyal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with registration. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for V.G.P.Amudha Nagar 4th Cross Street?

The current guideline value for V.G.P.Amudha Nagar 4th 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 increased from Rs 194 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 2,452%.

What is the stamp duty for properties in V.G.P.Amudha Nagar 4th Cross Street?

The stamp duty for properties in V.G.P.Amudha Nagar 4th Cross Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for V.G.P.Amudha Nagar 4th Cross Street?

The Virugambakkam Sub Registrar Office is responsible for V.G.P.Amudha Nagar 4th Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values for other streets in Maduravoyal?

Other streets in Maduravoyal have guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft, with V.G.P.Amudha Nagar 4th Cross Street being above the median value of Rs 3,050 per sq.ft.