Guideline Value for V.G.P.Vinoth Town

V.G.P.Vinoth Town guideline value

The current guideline value for V.G.P.Vinoth Town is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Vadakal_C village 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

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The current 2024 revision continues this value at Rs 200 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%.

Guideline values in Vadakal_C

There are 61 streets in Vadakal_C under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median of Rs 400 per sq.ft. The guideline value 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)
• 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

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, resulting in a total of Rs 18,000. 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 details.

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

The V.G.P.Vinoth Town 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 information.

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

The guideline value is an essential factor during property registration in Vadakal_C. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures transparency and fairness in the transaction process. It serves as a reference point for both buyers and sellers, helping to avoid disputes regarding property values during registration.

Frequently asked questions

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

The current guideline value for 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 a 49% increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, with no change from 2023 to 2024.

What are the guideline values for other streets in Vadakal_C?

Other streets in Vadakal_C have varying guideline values, ranging from Rs 200 per sq.ft to Rs 750 per sq.ft, with the median being Rs 400 per sq.ft.

What fees are associated with property registration in V.G.P.Vinoth Town?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000, and the registration fee is 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 registrations for V.G.P.Vinoth Town?

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