Guideline Value for V.S.NAGAR PART -II

V.S.Nagar Part -II guideline value

The current guideline value of V.S.Nagar Part -II is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this street is Mixed Type - III.

How the guideline value of V.S.Nagar Part -II has changed

In the 2023 revision, the guideline value for V.S.Nagar Part -II was Rs 1,500 per sq.ft, which remains unchanged in the 2024 revision. The register has no figure for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

Thus, the guideline value has seen no increase from 2023 to 2024, reflecting a stable valuation of Rs 1,500 per sq.ft across these two years.

Guideline values in Atanancheri

Atanancheri village features a total of 83 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for this area is Rs 700 per sq.ft, positioning V.S.Nagar Part -II above this median.

• Walajabad Road: Rs 2,500 per sq.ft (2024)
• Winneer Form: Rs 800 per sq.ft (2024)
• Vimal Nagar: Rs 600 per sq.ft (2024)
• Vigneshwara Nagar: Rs 600 per sq.ft (2024)
• Vedhadri Maharishi Nagar: Rs 600 per sq.ft (2024)
• Vasantha Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in V.S.Nagar Part -II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.S.Nagar Part -II?

The V.S.Nagar Part -II area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Atanancheri, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs in any real estate transaction. It is important for both parties to be aware of the guideline value to avoid any discrepancies during the registration.

Frequently asked questions

What is the current guideline value of V.S.Nagar Part -II?

The current guideline value of V.S.Nagar Part -II is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for V.S.Nagar Part -II has remained stable at Rs 1,500 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification for V.S.Nagar Part -II?

The land classification for V.S.Nagar Part -II is Mixed Type - III, indicating a diverse usage of land in this area.

Where can I find the registration office for V.S.Nagar Part -II?

The registration office for V.S.Nagar Part -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in V.S.Nagar Part -II?

Stamp duty for properties in V.S.Nagar Part -II is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.