Guideline Value for VGN ABHIVRUDHI

Vgn Abhivrudhi guideline value

The current guideline value of Vgn Abhivrudhi is Rs 896 per sq.ft, effective from 1 July 2024. This property is located in Sasithrampakkam village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Vgn Abhivrudhi has changed

The guideline value for Vgn Abhivrudhi has remained consistent at Rs 896 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the guideline value stands at Rs 896 per sq.ft, the same as in the 2023 revision. This indicates a stable valuation over the last two years, with no fluctuations in the guideline value during this period.

Guideline values in Sasithrampakkam

In Sasithrampakkam, there are 12 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,000 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Vgn Abhivrudhi's value above this median.

• Subha Mangala Avenue Phase - III: Rs 250 per sq.ft (2024)
• Subha Mangala Avenue Phase - II: Rs 250 per sq.ft (2024)
• Subha Mangala Avenue Phase - I: Rs 250 per sq.ft (2024)
• Subamangalanagar: Rs 250 per sq.ft (2024)
• Sri Lakshmi Narashima Nagar: Rs 250 per sq.ft (2024)
• Sri Kamala Puram: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Abhivrudhi

For a 1,000 sq.ft plot at the current rate of Rs 896 per sq.ft, the guideline value amounts to Rs 8,96,000. The stamp duty at 7% would be Rs 62,720, and the registration fee at 2% would be Rs 17,920, totaling Rs 80,640. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vgn Abhivrudhi?

The Vgn Abhivrudhi property falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Sasithrampakkam. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is important to note that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the transaction is fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of Vgn Abhivrudhi?

The current guideline value of Vgn Abhivrudhi is Rs 896 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vgn Abhivrudhi has remained at Rs 896 per sq.ft from 2023 to 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Sasithrampakkam?

Other streets in Sasithrampakkam have guideline values ranging from Rs 250 to Rs 1,000 per sq.ft, with Vgn Abhivrudhi's value being above the median of Rs 250 per sq.ft.

What are the stamp duty and registration fees for property in Vgn Abhivrudhi?

The stamp duty for a property valued at Rs 8,96,000 is Rs 62,720, and the registration fee is Rs 17,920, totaling Rs 80,640. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for Vgn Abhivrudhi?

The Chengleput Joint II Sub Registrar Office handles the registration for Vgn Abhivrudhi, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.