Guideline Value for V.G.P.Vinoth Town

V.G.P.Vinoth Town guideline value

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

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

The guideline value for V.G.P.Vinoth Town has undergone several revisions over the years. In 2007, the value was set at Rs 75 per sq.ft, which increased to Rs 200 per sq.ft in 2012. However, it dropped to Rs 134 per sq.ft in 2017. The 2023 revision maintained this value at Rs 200 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 200 per sq.ft. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value rose by 49%. The significant increase occurred from 2007 to 2012, where it surged by 167%. Overall, from 2007 to 2024, the guideline value has increased by 167%.

Guideline values in Vadakal

In Vadakal, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Rs 200 per sq.ft for V.G.P.Vinoth Town is below this median.

• V.G.P.Vinoth Town Part II: Rs 200 per sq.ft (2024)
• V.G.P. Vinoth Town Part III: 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

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 or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The V.G.P.Vinoth Town area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadakal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent values being Rs 200 per sq.ft in both 2023 and 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification for V.G.P.Vinoth Town?

V.G.P.Vinoth Town is classified as Residential Class III Type - I.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would be Rs 18,000.

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

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