Guideline Value for V.G.P.Santhanammal Nagar 2nd Street

V.G.P.Santhanammal Nagar 2nd Street guideline value

The current guideline value of V.G.P.Santhanammal Nagar 2nd Street is Rs 2,650 per sq.ft. This street is located in Gowrivakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of V.G.P.Santhanammal Nagar 2nd Street has changed

The guideline value for V.G.P.Santhanammal Nagar 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and finally, the current value is Rs 2,650 per sq.ft as of the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value rose by 49%. The overall change from 2012 to 2024 shows a slight increase of 6%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing V.G.P.Santhanammal Nagar 2nd Street above this median.

• V.G.P.Santhanammal Nagar 1st Street: Rs 2,650 per sq.ft (2024)
• V.G.P.Santhanammal Nagar 3rd Street: Rs 2,650 per sq.ft (2024)
• V.G.P. Santhanamal Nagar Main Road: Rs 2,650 per sq.ft (2024)
• V.G.P. Santhanamal Nagar 3rd Cross Street: Rs 2,650 per sq.ft (2024)
• V.G.P. Santhanamal Nagar 2nd Cross Street: Rs 2,650 per sq.ft (2024)
• V.G.P. Santhanamal Nagar 1st Cross Street: Rs 2,650 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P.Santhanammal Nagar 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,650 per sq.ft, the guideline value amounts to Rs 26,50,000. The stamp duty at 7% would be Rs 1,85,500, and the registration fee at 2% would be Rs 53,000, totaling Rs 2,38,500. 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 details.

Which Sub Registrar Office covers V.G.P.Santhanammal Nagar 2nd Street?

The Sub Registrar Office that covers V.G.P.Santhanammal Nagar 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite 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 Gowrivakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Gowrivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of V.G.P.Santhanammal Nagar 2nd Street?

The current guideline value of V.G.P.Santhanammal Nagar 2nd Street is Rs 2,650 per sq.ft as per the 2024 revision.

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 2,650 per sq.ft in 2024.

What is the land classification of V.G.P.Santhanammal Nagar 2nd Street?

The land classification for V.G.P.Santhanammal Nagar 2nd Street is Residential Class I Type - III.

Where can I find the Sub Registrar Office for V.G.P.Santhanammal Nagar 2nd Street?

The Sub Registrar Office for V.G.P.Santhanammal Nagar 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for property transactions in Gowrivakkam?

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