Guideline Value for Vgn சந்தோஷ் நகர்

Vgn சந்தோஷ் நகர் guideline value

The current guideline value of Vgn சந்தோஷ் நகர் is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Aranvoyal village and falls under the Manavalanagar SRO, classified as Residential Class I Type - I.

How the guideline value of Vgn சந்தோஷ் நகர் has changed

The guideline value for Vgn சந்தோஷ் நகர் has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 600 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 402 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2017 to 2024 also reflects a 49% increase, indicating a significant rise in the value over this period.

Guideline values in Aranvoyal

In Aranvoyal, there are 52 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 900 per sq.ft. The median value for these streets is Rs 450 per sq.ft, placing Vgn சந்தோஷ் நகர் above this median.

• Voc நகர்: Rs 400 per sq.ft (2024)
• MS Royal City: Rs 402 per sq.ft (2024)
• Ksv ஹவுசங்காலனி: Rs 400 per sq.ft (2024)
• Divyathesam Nagar: Rs 500 per sq.ft (2024)
• Kaveri Avenue: Rs 450 per sq.ft (2024)
• Kaveri Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn சந்தோஷ் நகர்

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 Vgn சந்தோஷ் நகர்?

The Vgn சந்தோஷ் நகர் falls under the jurisdiction of the Manavalanagar Sub Registrar Office. The address is Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aranvoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are paid to the authorities.

Frequently asked questions

What is the current guideline value of Vgn சந்தோஷ் நகர்?

The current guideline value of Vgn சந்தோஷ் நகர் is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2017 to 2024 is also 49%, with the most recent revision in 2024 maintaining the value at Rs 600 per sq.ft.

What are the guideline values of other streets in Aranvoyal?

Other streets in Aranvoyal have varying guideline values, ranging from Rs 400 to Rs 900 per sq.ft. For example, Voc நகர் has a guideline value of Rs 400 per sq.ft, while Divyathesam Nagar is valued at Rs 500 per sq.ft.

What fees are applicable when registering property in Vgn சந்தோஷ் நகர்?

When registering property in Vgn சந்தோஷ் நகர், the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 54,000.

Where can I find the Sub Registrar Office for Vgn சந்தோஷ் நகர்?

The Sub Registrar Office for Vgn சந்தோஷ் நகர் is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find more information about your SRO through the provided link.