Guideline Value for VEE BIRDS GARDEN

Vee Birds Garden guideline value

The current guideline value of Vee Birds Garden, located in Vinayaganaloore village, is Rs 101 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Special Type - II land classification. The property is registered at the Madurandakam SRO.

How the guideline value of Vee Birds Garden has changed

The guideline value for Vee Birds Garden has seen several revisions over the years. In 2007, the value was Rs 25 per sq.ft, which increased significantly to Rs 80 per sq.ft in 2012. However, it then decreased to Rs 54 per sq.ft in 2017. Following that, the value rose to Rs 100 per sq.ft in 2023, and currently stands at Rs 101 per sq.ft as of the 2024 revision. It is important to note that the register has no figures for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 304%. The changes between the revisions include a 220% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, an 85% increase from 2017 to 2023, and a 1% increase from 2023 to 2024.

Guideline values in Vinayaganaloore

In Vinayaganaloore, there are eight streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft. The median value for these streets is Rs 102 per sq.ft, making Vee Birds Garden's 2024 figure of Rs 101 per sq.ft slightly below that median.

• Vasantham Nagar: Rs 102 per sq.ft (2024)
• Sri Guberan Nagar: Rs 101 per sq.ft (2024)
• Sri Gubera Ganesh Nagar: Rs 100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 101 per sq.ft (2024)
• Sree Kamatchi Nagar: Rs 102 per sq.ft (2024)
• Saranalaya Nagar Phase-I: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Vee Birds Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty at 7% would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total cost for these fees to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vee Birds Garden?

The Sub Registrar Office that covers Vee Birds Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is an essential aspect of property transactions in Vinayaganaloore, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

During the registration process, the buyer must ensure that the sale price is at least equal to the guideline value to avoid penalties. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vee Birds Garden?

The current guideline value of Vee Birds Garden is Rs 101 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 101 per sq.ft in 2024, reflecting an overall increase of 304% over the years.

What are the stamp duty and registration fees for Vee Birds Garden?

The stamp duty for a property in Vee Birds Garden is 7%, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,090.

Where is the Sub Registrar Office for Vee Birds Garden located?

The Madurandakam Sub Registrar Office, which covers Vee Birds Garden, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Vee Birds Garden?

Vee Birds Garden falls under the Residential Special Type - II land classification, which is relevant for property registration and valuation.