Guideline Value for V.G.P.Santhanammal Nagar 3rd Street

V.G.P.Santhanammal Nagar 3rd Street guideline value

The current guideline value of V.G.P.Santhanammal Nagar 3rd Street is Rs 2,650 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village under the Selaiyur SRO, classified as Residential Class I Type - III.

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

The guideline value for V.G.P.Santhanammal Nagar 3rd Street has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value 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 set the value at Rs 2,650 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 6% increase. Overall, comparing the values from 2012 to 2024, there has been a total increase of 6%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Gowrivakkam

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,650 per sq.ft, the total guideline value would be Rs 26,50,000. The stamp duty at 7% would amount to 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 or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers V.G.P.Santhanammal Nagar 3rd Street?

The V.G.P.Santhanammal Nagar 3rd Street falls under 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Gowrivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of V.G.P.Santhanammal Nagar 3rd Street is Rs 2,650 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 2,650 per sq.ft in 2024.

What are the stamp duty and registration fees for property in V.G.P.Santhanammal Nagar 3rd Street?

For a 1,000 sq.ft plot, the guideline value is Rs 26,50,000. The stamp duty would be Rs 1,85,500, and the registration fee would be Rs 53,000, totaling Rs 2,38,500.

Which Sub Registrar Office covers this area?

The Selaiyur Sub Registrar Office covers V.G.P.Santhanammal Nagar 3rd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of V.G.P.Santhanammal Nagar 3rd Street?

V.G.P.Santhanammal Nagar 3rd Street is classified as Residential Class I Type - III.