Guideline Value for V.P.DREAM CITY

V.P.Dream City guideline value

The current guideline value of V.P.Dream City in Keerapakkam village, under the Gooduvancheri SRO, is Rs 800 per sq.ft. The land classification for this area is Residential Special Type - III.

How the guideline value of V.P.Dream City has changed

The guideline value for V.P.Dream City has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 800 per sq.ft. However, in the 2017 revision, it decreased to Rs 536 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the value increase to Rs 800 per sq.ft again, representing a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 800 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Keerapakkam

Currently, there are no specific village figures available for Keerapakkam. The guideline value for V.P.Dream City is set at Rs 800 per sq.ft, and there are no other streets in Keerapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in V.P.Dream City

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It's 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 information.

Which Sub Registrar Office covers V.P.Dream City?

The Gooduvancheri Sub Registrar Office covers V.P.Dream City. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Keerapakkam, as it determines the minimum price at which a property can be registered. This value is used by the registration office to calculate stamp duty and registration fees, which are mandatory for property transactions.

When a buyer or seller approaches the registration office, the guideline value is referenced to ascertain the applicable duties and fees. It ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of V.P.Dream City?

The current guideline value of V.P.Dream City is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then back to Rs 800 per sq.ft in 2023. This shows a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What are the stamp duty and registration fees for property in V.P.Dream City?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 72,000. This includes Rs 56,000 for stamp duty at 7% and Rs 16,000 for registration fees at 2%.

Which office handles property registration for V.P.Dream City?

The Gooduvancheri Sub Registrar Office is responsible for property registration in V.P.Dream City. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Keerapakkam with guideline values?

Currently, there are no other streets in Keerapakkam listed under the Gooduvancheri SRO, and no specific village figures are available.