Guideline Value for VAIGUNDA PERUMAL NAGAR EXT

Vaigunda Perumal Nagar Ext guideline value

The current guideline value for Vaigunda Perumal Nagar Ext is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Vaigunda Perumal Nagar Ext has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 330 per sq.ft, reflecting an increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu has 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the guideline value of Vaigunda Perumal Nagar Ext.

• Vaigunda Perumal Nagar: Rs 330 per sq.ft (2024)
• Usha Bhavani Avenue: Rs 330 per sq.ft (2024)
• Vasavi Nagar: Rs 330 per sq.ft (2024)
• Vasuki Nagar: Rs 330 per sq.ft (2024)
• Veera Pandiya Kattapomman Nagar: Rs 330 per sq.ft (2024)
• Thulasi Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Vaigunda Perumal Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, resulting in a total of Rs 29,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vaigunda Perumal Nagar Ext?

The Sub Registrar Office covering Vaigunda Perumal Nagar Ext is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process of property transactions in Athipattu. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When selling property, the guideline value can also serve as a reference point for both sellers and buyers in negotiations. It ensures that the transaction is documented at a value that is recognized by the local authorities.

Frequently asked questions

What is the current guideline value for Vaigunda Perumal Nagar Ext?

The current guideline value for Vaigunda Perumal Nagar Ext is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Vaigunda Perumal Nagar Ext?

The Sub Registrar Office for Vaigunda Perumal Nagar Ext is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find more details by visiting the relevant link.

What is the land classification for Vaigunda Perumal Nagar Ext?

The land classification for Vaigunda Perumal Nagar Ext is Residential Class I Type - I. This classification is important for understanding the zoning and permissible uses of the land.