Guideline Value for V.G.P.THIRUNAGAR PART-II

V.G.P.Thirunagar Part-II guideline value

The current guideline value of V.G.P.Thirunagar Part-II is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Devanthavakkam village under the Oothukkottai SRO and is classified as Residential Class I Type - I.

How the guideline value of V.G.P.Thirunagar Part-II has changed

Over the years, the guideline value for V.G.P.Thirunagar Part-II has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased by 49% to Rs 100 per sq.ft. The 2024 revision also maintains this value at Rs 100 per sq.ft, resulting in no overall change from 2012 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only available revisions are from 2012, 2017, 2023, and 2024, all showing Rs 100 per sq.ft except for the 2017 revision, which was Rs 67 per sq.ft.

Guideline values in Devanthavakkam

In Devanthavakkam, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, which is the median value for the area. V.G.P.Thirunagar Part-II's 2024 figure is equal to this median.

• V.G.P. Thirunagar-Part-I: Rs 100 per sq.ft (2024)
• V.G.P.Thirunagar-Part-III: Rs 100 per sq.ft (2024)
• Thirumailai Nagar: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 100 per sq.ft (2024)
• Kalaingar Karunanithi Nagar: Rs 100 per sq.ft (2024)
• Eden Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P.Thirunagar Part-II

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers V.G.P.Thirunagar Part-II?

The V.G.P.Thirunagar Part-II is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Devanthavakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

When you register a property, the guideline value serves as a benchmark for calculating the fees. It is important for buyers and sellers to be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of V.G.P.Thirunagar Part-II?

The current guideline value of V.G.P.Thirunagar Part-II is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft in the revisions of 2012, 2023, and 2024. It increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, showing a 49% increase during that period.

What are the other streets with the same guideline value in Devanthavakkam?

Other streets in Devanthavakkam also have a guideline value of Rs 100 per sq.ft in 2024, including V.G.P. Thirunagar-Part-I, V.G.P.Thirunagar-Part-III, Thirumailai Nagar, Krishna Nagar, Kalaingar Karunanithi Nagar, and Eden Garden.

How is the stamp duty calculated for properties in V.G.P.Thirunagar Part-II?

Stamp duty for properties in V.G.P.Thirunagar Part-II is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a total stamp duty and registration fee of Rs 9,000.

Where can I find the Sub Registrar Office for V.G.P.Thirunagar Part-II?

The Sub Registrar Office covering V.G.P.Thirunagar Part-II is the Oothukkottai SRO, located near the government hospital in Uthukottai, Chennai 602026.