Guideline Value for V.R.C GARDEN

V.R.C Garden guideline value

The current guideline value of V.R.C Garden in Malliyankaranai village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Uthiramerur SRO and is classified as Residential Class I Type - I.

How the guideline value of V.R.C Garden has changed

The guideline value for V.R.C Garden has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision recorded a lower value of Rs 167 per sq.ft, marking a decrease of 33% from the previous 2012 figure. Between 2017 and 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 250 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft. The median value for these streets is Rs 401 per sq.ft, placing V.R.C Garden's 2024 figure below that median.

• Vadanallur: Rs 300 per sq.ft (2024)
• Sulaiman Nagar: Rs 401 per sq.ft (2024)
• Sri Sakthi Vinayaga Nagar: Rs 401 per sq.ft (2024)
• Sri Mugambigai Nagar: Rs 300 per sq.ft (2024)
• Sri Lakshmi Nagar Extension: Rs 603 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in V.R.C Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. 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.R.C Garden?

The V.R.C Garden property is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Malliyankaranai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When buying or selling property, the guideline value ensures that both parties are aware of the official valuation of the property, which aids in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of V.R.C Garden?

The current guideline value of V.R.C Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the median guideline value in Malliyankaranai?

The median guideline value for streets in Malliyankaranai is Rs 401 per sq.ft, with V.R.C Garden's value being below this median.

What are the stamp duty and registration fees for V.R.C Garden?

The stamp duty for a property valued at Rs 2,50,000 is Rs 17,500, and the registration fee is Rs 5,000, totaling Rs 22,500.

Which office handles registrations for V.R.C Garden?

The Uthiramerur Sub Registrar Office handles registrations for V.R.C Garden, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.