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. This area is located in Vadakal_C 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 most recent revision effective from 1 July 2024 is Rs 200 per sq.ft, which remains unchanged from the previous 2023 revision. The 2017 revision recorded a guideline value of Rs 134 per sq.ft. There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase, but the guideline value has not changed between 2023 and 2024.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for V.G.P.Vinoth Town Part II is below this 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)
• Welcome City: Rs 550 per sq.ft (2024)
• Vasantham Nature City (Sri Aurobindo Nagar): Rs 400 per sq.ft (2024)
• Vasantham Nagar: Rs 750 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 amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 detailed calculations.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty, ensuring that the correct amount is collected by the authorities.

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 from 2023 to 2024, while it increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase over that period.

What other streets have guideline values in Vadakal_C?

Other streets in Vadakal_C include V.G.P. Vinoth Town Part III and V.G.P.Vinoth Town, both at Rs 200 per sq.ft, as well as Velalar Street at Rs 300 per sq.ft, Welcome City at Rs 550 per sq.ft, Vasantham Nature City at Rs 400 per sq.ft, and Vasantham Nagar at Rs 750 per sq.ft.

What are the stamp duty and registration fees for properties in V.G.P.Vinoth Town Part II?

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

Which office handles the registration for V.G.P.Vinoth Town Part II?

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