Guideline Value for V.G.R NAGAR

V.G.R Nagar guideline value

The current guideline value of V.G.R Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of V.G.R Nagar has changed

The guideline value for V.G.R Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased to Rs 600 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 660 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between revisions include a significant 49% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing V.G.R Nagar's 2024 figure below that median.

• Vignesh Garden: Rs 1,100 per sq.ft (2024)
• Vignesh Nagar (N): Rs 660 per sq.ft (2024)
• Vignesh Nagar Ninnaikarai (Ward -19): Rs 660 per sq.ft (2024)
• Vgn Southern Meadows Phase - II: Rs 2,956 per sq.ft (2024)
• VGN Southern Fortune: Rs 3,612 per sq.ft (2024)
• Vgn Southern County Phase - III: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.R Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that 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 more information.

Which Sub Registrar Office covers V.G.R Nagar?

The Sub Registrar Office that covers V.G.R Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that both the buyer and seller are aware of the financial obligations involved. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of V.G.R Nagar?

The current guideline value of V.G.R Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of V.G.R Nagar?

V.G.R Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in V.G.R Nagar?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where is the Sub Registrar Office for V.G.R Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.