Guideline Value for V.P.G.AVENUE 4TH STREET

V.P.G.Avenue 4th Street guideline value

The current guideline value of V.P.G.Avenue 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, classified as Residential Class I Type - II.

How the guideline value of V.P.G.Avenue 4th Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 3,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,900 per sq.ft in the 2024 revision, reflecting an 11% rise. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The current value of Rs 3,900 per sq.ft is higher than the median value of Rs 3,300 per sq.ft for the 453 streets in Okkiyamthuraipakkam that carry a 2024 figure.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, the guideline values range from Rs 1,100 to Rs 8,800 per sq.ft as of 2024. V.P.G.Avenue 4th Street's guideline value is above the median of Rs 3,300 per sq.ft. Here are the guideline values for other streets in Okkiyamthuraipakkam:

• V.P.G Avenue 3 Rd Street: Rs 3,900 per sq.ft (2024)
• V.P.G.Avenue 5th Street: Rs 3,900 per sq.ft (2024)
• V.P.G Avenue 2 Nd Street: Rs 3,900 per sq.ft (2024)
• V.P.G Avenue 1 St Street: Rs 3,900 per sq.ft (2024)
• V.P.G.Avenue 6th Street: Rs 3,900 per sq.ft (2024)
• V.P.G Avenue Extension: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in V.P.G.Avenue 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers V.P.G.Avenue 4th Street?

The Sub Registrar Office that covers V.P.G.Avenue 4th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees payable when a property is sold or purchased.

When registering a property, the guideline value will be considered to ensure that the correct fees are calculated. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of V.P.G.Avenue 4th Street?

The current guideline value of V.P.G.Avenue 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in V.P.G.Avenue 4th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for V.P.G.Avenue 4th Street?

The Sub Registrar Office for V.P.G.Avenue 4th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for V.P.G.Avenue 4th Street?

V.P.G.Avenue 4th Street is classified as Residential Class I Type - II under the Neelankarai SRO.