Guideline Value for V.N.Apartments

V.N.Apartments guideline value

The current guideline value of V.N.Apartments in Perungalathur village, under the Padappai SRO, is Rs 2,640 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of V.N.Apartments has changed

The guideline value for V.N.Apartments has seen several revisions over the years. The 2012 revision set the value at Rs 2,400 per sq.ft, which then decreased to Rs 1,608 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,400 per sq.ft in 2023, and further rose to Rs 2,640 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, making the 2024 figure of V.N.Apartments above this median.

• Vivek Nagar Extension: Rs 1,320 per sq.ft (2024)
• Vivek Nagar: Rs 1,980 per sq.ft (2024)
• Vivekananda Street: Rs 2,640 per sq.ft (2024)
• V.O.C Street: Rs 2,640 per sq.ft (2024)
• Vishnu Nagar Extn II: Rs 1,980 per sq.ft (2024)
• Vishnu Nagar 4th Street: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in V.N.Apartments

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total fees to Rs 2,37,600. It is important to note that the 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 details.

Which Sub Registrar Office covers V.N.Apartments?

The Sub Registrar Office that covers V.N.Apartments is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of V.N.Apartments?

The current guideline value of V.N.Apartments is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,640 per sq.ft in 2024.

What is the land classification for V.N.Apartments?

V.N.Apartments is classified under Residential Class I Type - I land classification.

What other streets have guideline values in Perungalathur?

Other streets in Perungalathur include Vivek Nagar Extension at Rs 1,320 per sq.ft, Vivek Nagar at Rs 1,980 per sq.ft, and Vivekananda Street at Rs 2,640 per sq.ft, among others.

Where is the Sub Registrar Office for V.N.Apartments located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.