Guideline Value for V.G.P.Vinoth Town Part II

V.G.P.Vinoth Town Part II guideline value

The current guideline value of V.G.P.Vinoth Town Part II is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vadakal_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of V.G.P.Vinoth Town Part II has changed

The guideline value for V.G.P.Vinoth Town Part II has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 134 per sq.ft. Following this, the 2023 revision maintained the value at Rs 200 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, indicating no change from the previous year. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value.

Guideline values in Vadakal_B

In Vadakal_B village, there are 34 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing V.G.P.Vinoth Town Part II below the median.

• V.G.P. Vinoth Town Part III: Rs 200 per sq.ft (2024)
• V.G.P.Vinoth Town: Rs 200 per sq.ft (2024)
• Velalar Street: Rs 300 per sq.ft (2024)
• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Tristar City: Rs 150 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P.Vinoth Town Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.G.P.Vinoth Town Part II?

The Sub Registrar Office that covers V.G.P.Vinoth Town Part II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is essential during the registration of property transactions in Vadakal_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This process ensures transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of V.G.P.Vinoth Town Part II?

The current guideline value of V.G.P.Vinoth Town Part II is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2023 revision. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification of V.G.P.Vinoth Town Part II?

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

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for V.G.P.Vinoth Town Part II?

The Sriperumpudur Sub Registrar Office handles property registrations for V.G.P.Vinoth Town Part II, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.