Guideline Value for VARGEES COMPOUND

Vargees Compound guideline value

The current guideline value of Vargees Compound is Rs 1,625 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village under the Avadi SRO, classified as Residential Special Type - I.

How the guideline value of Vargees Compound has changed

The guideline value for Vargees Compound has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft. The latest revision in 2024 set the value at Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 35%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which is equal to the guideline value of Vargees Compound.

• Vasantham Nagar: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar, Annai Indira St: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar Ganapathy St: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar Gandhi St: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar Jaya Sri St: Rs 1,625 per sq.ft (2024)
• Vasantham Nagar Kavignar Kannadasan St: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Vargees Compound

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, while the registration fee at 2% would be Rs 32,500. Together, the total cost for these fees would be Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vargees Compound?

The Sub Registrar Office that covers Vargees Compound is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the transaction process.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vargees Compound?

The current guideline value of Vargees Compound is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Vargees Compound?

Vargees Compound is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the registration office for Vargees Compound?

The registration office for Vargees Compound is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What factors determine the stamp duty and registration fees?

The stamp duty and registration fees are determined based on the guideline value or the sale price of the property, whichever is higher. This ensures that the fees reflect the true value of the transaction.