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

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

The current guideline value for V.G.P.Thirunagar-Part-III is Rs 100 per sq.ft. 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-III has changed

The guideline value for V.G.P.Thirunagar-Part-III has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2017 revision at Rs 67 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49% back to Rs 100 per sq.ft. The 2024 revision again maintains this value at Rs 100 per sq.ft, reflecting no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 100 per sq.ft, showing stability in the recent revisions.

Guideline values in Devanthavakkam

In Devanthavakkam, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with the median being Rs 100 per sq.ft. V.G.P.Thirunagar-Part-III's 2024 figure aligns with this median.

• V.G.P.Thirunagar Part-II: Rs 100 per sq.ft (2024)
• V.G.P. Thirunagar-Part-I: 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-III

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 accurate calculations.

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

The Sub Registrar Office covering V.G.P.Thirunagar-Part-III is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Devanthavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction reflects the official valuation set by the Registration Department. This process is essential for maintaining transparency and compliance in real estate transactions.

Frequently asked questions

What is the current guideline value for V.G.P.Thirunagar-Part-III?

The current guideline value for V.G.P.Thirunagar-Part-III is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, it has remained at Rs 100 per sq.ft.

What is the land classification for V.G.P.Thirunagar-Part-III?

V.G.P.Thirunagar-Part-III is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Oothukkottai Sub Registrar Office covers V.G.P.Thirunagar-Part-III, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 9,000.