Guideline Value for V.I.P Nagar Part-I

V.I.P Nagar Part-I guideline value

The current guideline value of V.I.P Nagar Part-I is Rs 700 per sq.ft. This area is located in Keerapakkam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of V.I.P Nagar Part-I has changed

Looking at the revisions over the years, the guideline value for V.I.P Nagar Part-I was Rs 700 per sq.ft in 2012. This remained the same in 2023, indicating no overall change in the guideline value from 2012 to 2023. However, in 2017, the value decreased to Rs 469 per sq.ft, which marked a significant drop of 33% from the 2012 figure. The most recent revision in 2023 saw a substantial increase of 49% from the 2017 revision, bringing the value back up to Rs 700 per sq.ft.

The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street, so we cannot assess any changes during those periods.

Guideline values in Keerapakkam

Currently, there are no specific village figures available for Keerapakkam. V.I.P Nagar Part-I is one of the streets in this area, and as mentioned earlier, its guideline value is Rs 700 per sq.ft. There are no other streets in Keerapakkam under the Gooduvancheri SRO for which figures are provided.

Stamp duty and registration fee for property in V.I.P Nagar Part-I

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total charges Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.I.P Nagar Part-I?

The Gooduvancheri Sub Registrar Office covers V.I.P Nagar Part-I. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Keerapakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a value that reflects the official assessment of the property. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of V.I.P Nagar Part-I?

The current guideline value of V.I.P Nagar Part-I is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased from Rs 700 per sq.ft to Rs 469 per sq.ft. However, it increased to Rs 700 per sq.ft in the 2023 revision, resulting in a 49% increase from the 2017 revision.

What is the stamp duty rate for property in V.I.P Nagar Part-I?

The stamp duty rate for property in V.I.P Nagar Part-I is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Can I find other streets in Keerapakkam with guideline values?

Currently, there are no other streets in Keerapakkam under the Gooduvancheri SRO for which guideline values are provided. V.I.P Nagar Part-I is the only street mentioned.