Guideline Value for VAIGUNDA PERUMAL NAGAR

Vaigunda Perumal Nagar guideline value

The current guideline value of Vaigunda Perumal Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Vaigunda Perumal Nagar has changed

The guideline value for Vaigunda Perumal Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 330 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 300 per sq.ft. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, marking a significant increase of 49% to the 2023 figure. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The consistent upward movement in the guideline value reflects changes in the local real estate landscape, with the current value aligning with the median guideline value for the village.

Guideline values in Athipattu

Athipattu village features 108 streets under the Thiruvottiyur SRO, with the 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for the village stands at Rs 330 per sq.ft, which is equal to the current guideline value of Vaigunda Perumal Nagar.

• Vaigunda Perumal Nagar Ext: 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

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, bringing the total charges to Rs 29,700. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vaigunda Perumal Nagar?

The Vaigunda Perumal Nagar area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

When buying or selling property in Athipattu, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value set by the Registration Department is used to assess the taxes applicable during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of transactions. The guideline value serves as a benchmark for property valuation, ensuring that the registration fees reflect the current market conditions.

Frequently asked questions

What is the current guideline value of Vaigunda Perumal Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value for streets in Athipattu?

The median guideline value for streets in Athipattu is Rs 330 per sq.ft, which is the same as the current guideline value for Vaigunda Perumal Nagar.

What fees are associated with property transactions in Vaigunda Perumal Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,30,000, with stamp duty at 7% amounting to Rs 23,100 and a registration fee at 2% totaling Rs 6,600.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.