Guideline Value for V.P. Sinthan Nagar

V.P. Sinthan Nagar guideline value

The current guideline value of V.P. Sinthan Nagar, located in Baraniputjur village under the Kunrathur SRO, is Rs 1,210 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of V.P. Sinthan Nagar has changed

The guideline value for V.P. Sinthan Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012. However, in 2017, it dropped to Rs 737 per sq.ft. The 2023 revision saw a rise to Rs 1,100 per sq.ft, followed by a further increase to Rs 1,210 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the jump from 2007 to 2012 was a substantial 450%. Overall, from 2007 to 2024, the guideline value has increased by 505%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 2,500 per sq.ft. The median value is Rs 1,210 per sq.ft, making the guideline value of V.P. Sinthan Nagar equal to this median.

• Vasanthapuram Phase II: Rs 1,210 per sq.ft (2024)
• Vasanthapuram: Rs 1,210 per sq.ft (2024)
• Vajjiravel Nagar: Rs 1,210 per sq.ft (2024)
• Uma mageswari Nagar: Rs 1,210 per sq.ft (2024)
• Tvs Emerald Green Enclave: Rs 2,500 per sq.ft (2024)
• Theru veedhiyamman Koil Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in V.P. Sinthan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. 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 precise calculations based on your property details.

Which Sub Registrar Office covers V.P. Sinthan Nagar?

The Sub Registrar Office that covers V.P. Sinthan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Baraniputjur. It helps determine the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for maintaining transparency in property dealings. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of V.P. Sinthan Nagar?

The current guideline value of V.P. Sinthan Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 505% over the years.

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

For a property valued at Rs 12,10,000, the total stamp duty and registration fees would amount to Rs 1,08,900, which includes Rs 84,700 for stamp duty and Rs 24,200 for registration fees.

Which office handles property registrations in V.P. Sinthan Nagar?

The Kunrathur Sub Registrar Office handles property registrations for V.P. Sinthan Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in property values based on various factors, including location and land classification.