Guideline Value for V.G.P.Chakkra town

V.G.P.Chakkra town guideline value

The current guideline value of V.G.P.Chakkra town is Rs 300 per sq.ft, effective from 1 July 2024. This town is located in Ayakolathur village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of V.G.P.Chakkra town has changed

Over the years, the guideline value of V.G.P.Chakkra town has seen several revisions. The 2007 revision set the value at Rs 85 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, the value dropped to Rs 201 per sq.ft in 2017, before rising again to Rs 300 per sq.ft in both 2023 and 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, there was a remarkable increase of 253%, but then a decrease of 33% was observed from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and remained unchanged from 2023 to 2024. Overall, there has been a 253% increase in the guideline value from 2007 to 2024.

Guideline values in Ayakolathur

In Ayakolathur, there are 15 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 700 per sq.ft. The median value is Rs 200 per sq.ft, and V.G.P.Chakkra town's 2024 figure is above this median.

• Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• ThiruVeedhiyamman Koil Street: Rs 200 per sq.ft (2024)
• Sri chakkra town: Rs 300 per sq.ft (2024)
• Sri Arulmigu Sri Arunchala Nagar: Rs 500 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 150 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P.Chakkra town

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 details.

Which Sub Registrar Office covers V.G.P.Chakkra town?

The Sub Registrar Office that covers V.G.P.Chakkra town is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ayakolathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of V.G.P.Chakkra town?

The current guideline value of V.G.P.Chakkra town is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the value increasing from Rs 85 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then dropping to Rs 201 per sq.ft in 2017, and finally stabilizing at Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value in Ayakolathur?

The median guideline value in Ayakolathur is Rs 200 per sq.ft, with V.G.P.Chakkra town's value being above this median.

What are the stamp duty and registration fees for properties in V.G.P.Chakkra town?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total cost for these fees would be Rs 27,000.

Where can I find the Sub Registrar Office for V.G.P.Chakkra town?

The Sub Registrar Office for V.G.P.Chakkra town is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.