Guideline Value for V.G.R.NAGAR

V.G.R.Nagar guideline value

The current guideline value for V.G.R.Nagar is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in Orakadamagadevimangalam village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

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

The guideline value register shows that there have been no figures recorded for V.G.R.Nagar in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 100 per sq.ft, which increased by 1% to Rs 101 per sq.ft in the 2024 revision.

This change from 2023 to 2024 reflects a modest increase, indicating a current guideline value of Rs 101 per sq.ft for V.G.R.Nagar as per the latest revision.

Guideline values in Orakadamagadevimangalam

In Orakadamagadevimangalam, there are 12 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, making V.G.R.Nagar's 2024 figure below this median.

• Velmurugan Nagar: Rs 103 per sq.ft (2024)
• Sri Vaithamanidhi Nagar: Rs 103 per sq.ft (2024)
• Sri Sai Nagar: Rs 102 per sq.ft (2024)
• Srinivasa Avenue: Rs 103 per sq.ft (2024)
• Sri Krishna Nagar: Rs 103 per sq.ft (2024)
• Sathya Nagar: Rs 103 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 rate of Rs 101 per sq.ft, the guideline value amounts to Rs 1,01,000. The stamp duty at 7% would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, totaling Rs 9,090. 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.R.Nagar?

The Sub Registrar Office that covers V.G.R.Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Orakadamagadevimangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are calculated based on the established rates.

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 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for V.G.R.Nagar has seen a change from Rs 100 per sq.ft in 2023 to Rs 101 per sq.ft in 2024, reflecting a 1% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

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

V.G.R.Nagar is classified as Residential Class III Type - I, indicating its designation for residential use within the locality.

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

For a property valued at Rs 1,01,000, the stamp duty would be Rs 7,070, and the registration fee would be Rs 2,020, totaling Rs 9,090. The duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for V.G.R.Nagar?

The Sunguvarchattram Sub Registrar Office handles property registrations for V.G.R.Nagar. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.