Guideline Value for V.G.P.SANTHANAMMAL NAGAR

V.G.P.Santhanammal Nagar guideline value

The current guideline value for V.G.P.Santhanammal Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This locality is situated in Vengaivasal village and falls under the Selaiyur SRO. The land classification for this area is Mixed Type - II.

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

The guideline value for V.G.P.Santhanammal Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. In 2023, the value increased to Rs 2,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,700 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects an 8% increase. Overall, when comparing the values from 2012 to 2024, there has been an 8% increase, despite the decrease noted between 2012 and 2017.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median value among these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value for V.G.P.Santhanammal Nagar.

• V G P Veerabadra Nagar: Rs 2,700 per sq.ft (2024)
• V G P Veerabadra Nagar Part I: Rs 2,700 per sq.ft (2024)
• V G P Veerabadra Nagar Part II: Rs 2,700 per sq.ft (2024)
• V.G.P. Avenue: Rs 1,900 per sq.ft (2024)
• Vignarajapuram: Rs 3,300 per sq.ft (2024)
• Vignarajapuram 4th Street Extension: Rs 2,350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. The total cost for stamp duty and registration fees combined would be Rs 2,43,000. 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.Santhanammal Nagar?

The Sub Registrar Office that covers V.G.P.Santhanammal Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Vengaivasal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers should be aware of the current guideline value to avoid disputes during the registration process.

Frequently asked questions

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

The current guideline value of V.G.P.Santhanammal Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of V.G.P.Santhanammal Nagar?

The land classification for V.G.P.Santhanammal Nagar is Mixed Type - II.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in V.G.P.Santhanammal Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.