Guideline Value for V.V.P.Garden

V.V.P.Garden guideline value

The current guideline value of V.V.P.Garden in Nenmeli village is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of V.V.P.Garden has changed

Over the years, the guideline value of V.V.P.Garden has experienced several revisions. The 2012 revision set the value at Rs 550 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 368 per sq.ft, showing a significant increase of 49% to reach Rs 550 per sq.ft in 2023. The 2024 revision maintained this value at Rs 550 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the only revisions that provide figures are from 2012, 2017, 2023, and 2024.

Guideline values in Nenmeli

Nenmeli village has a total of 53 streets under the Chengleput Joint I SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 612 per sq.ft, placing V.V.P.Garden's 2024 figure below this median.

• Wood Haven: Rs 1,500 per sq.ft (2024)
• Vasan Nagar Phase 2: Rs 600 per sq.ft (2024)
• Vasan Nagar Phase 1: Rs 600 per sq.ft (2024)
• Vasan Avenue: Rs 600 per sq.ft (2024)
• Thangaraj City Extension: Rs 800 per sq.ft (2024)
• Thangaraj City: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in V.V.P.Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.V.P.Garden?

The Chengleput Joint I Sub Registrar Office covers V.V.P.Garden. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nenmeli. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of V.V.P.Garden?

The current guideline value of V.V.P.Garden is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 550 per sq.ft from 2012 to 2024, with a notable increase from Rs 368 per sq.ft in 2017 to Rs 550 per sq.ft in 2023.

What is the land classification for V.V.P.Garden?

V.V.P.Garden is classified as Residential Special Type - I under the Chengleput Joint I SRO.

Where can I find the Chengleput Joint I Sub Registrar Office?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in V.V.P.Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft would incur a stamp duty of Rs 38,500.