Guideline Value for V.S.Nagar

V.S.Nagar guideline value

The current guideline value for V.S.Nagar, located in Nemili_B village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of V.S.Nagar has changed

The guideline value for V.S.Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 300 per sq.ft, which is a decrease of 25% from the 2023 revision where the value was Rs 400 per sq.ft. For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street.

In summary, the guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 300 per sq.ft in 2024. The absence of figures for earlier revisions indicates that the value for V.S.Nagar has not been recorded in the guideline value register for those years.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. V.S.Nagar's 2024 guideline value of Rs 300 per sq.ft is above this median.

• Vinobaji Street: Rs 150 per sq.ft (2024)
• Vigneshwara Nagar: Rs 600 per sq.ft (2024)
• V.G.P. Chakra Town - II: Rs 600 per sq.ft (2024)
• V.G.P. Chakra Town - I: Rs 600 per sq.ft (2024)
• Venkateswara nagar extn: Rs 250 per sq.ft (2024)
• Venkateswara Nagar: Rs 250 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.S.Nagar?

The Sub Registrar Office that covers V.S.Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Nemili_B, the guideline value serves as a benchmark for determining the stamp duty and registration fees. It is essential to have an accurate understanding of this value, as it influences the overall cost involved in the transaction.

The guideline value is particularly relevant during the registration process, as the charges are based on the higher of the guideline value or the sale price. This ensures that all transactions are recorded at a fair value, reflecting the current market conditions.

Frequently asked questions

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

The current guideline value of V.S.Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for V.S.Nagar was Rs 400 per sq.ft in 2023 and has decreased to Rs 300 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for V.S.Nagar?

V.S.Nagar falls under the Residential Class I Type - I land classification. This classification indicates the type of development permissible in the area.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value to understand the financial implications of their transactions.

Where can I find the Sub Registrar Office for V.S.Nagar?

The Sub Registrar Office for V.S.Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.