Guideline Value for VGC- IV

Vgc- IV guideline value

The current guideline value of Vgc- IV in Nelllikuppam village is Rs 1,600 per sq.ft, effective from 1 July 2024. This property falls under the Thiruporur SRO and is classified as Mixed Special Type - III.

How the guideline value of Vgc- IV has changed

According to the guideline value register, the revisions for Vgc- IV have shown no change in the guideline value between the 2023 and 2024 revisions, both standing at Rs 1,600 per sq.ft. Prior to this, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2024 revision maintains the same value as the 2023 revision, which indicates stability in the guideline value for this street over the last two years.

Guideline values in Nelllikuppam

Nelllikuppam has a total of 45 streets under the Thiruporur SRO, with guideline values ranging from Rs 400 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, positioning Vgc- IV above this median.

• Vijaya Garden: Rs 1,200 per sq.ft (2024)
• Vijaya Green City: Rs 1,200 per sq.ft (2024)
• Vijaya Green City Phase II: Rs 1,250 per sq.ft (2024)
• Vijaya Green City Phase III: Rs 1,600 per sq.ft (2024)
• Vanavil Isai Nila Enclave: Rs 1,200 per sq.ft (2024)
• The Enclave Extension: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vgc- IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vgc- IV?

The Vgc- IV property is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Nelllikuppam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the basis for calculating these charges, ensuring that the transaction is recorded at a value that reflects the local market conditions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of Vgc- IV?

The current guideline value of Vgc- IV is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vgc- IV has remained stable at Rs 1,600 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Nelllikuppam?

The median guideline value for streets in Nelllikuppam is Rs 1,000 per sq.ft. Vgc- IV's guideline value is above this median.

What are the stamp duty rates for properties in Vgc- IV?

The stamp duty for properties in Vgc- IV is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Which office handles property registrations in Thiruporur?

The Thiruporur Sub Registrar Office handles property registrations in Thiruporur. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.