Guideline Value for VGN HIGHLAND

Vgn Highland guideline value

The current guideline value for Vgn Highland in Tharapakkam village is Rs 3,575 per sq.ft, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Vgn Highland has changed

The guideline value for Vgn Highland has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,575 per sq.ft, which is an increase of 10% from the 2023 revision, where the value was Rs 3,250 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there are no recorded figures for Vgn Highland in the guideline value register. The significant change from 2023 to 2024 reflects the current valuation trends in the area.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Vgn Highland's 2024 figure above this median.

• Victorial Nagar: Rs 1,100 per sq.ft (2024)
• Vignesh Nagar: Rs 1,100 per sq.ft (2024)
• Vigneshwara Nagar: Rs 1,100 per sq.ft (2024)
• Vigneshwara Nagar Annexe: Rs 1,100 per sq.ft (2024)
• Vellalar Street: Rs 1,100 per sq.ft (2024)
• Sri Krishna Garden: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Highland

For a 1,000 sq.ft plot at the current guideline value of Rs 3,575 per sq.ft, the total guideline value amounts to Rs 35,75,000. The stamp duty at 7% would be Rs 2,50,250, and the registration fee at 2% would be Rs 71,500, bringing the total to Rs 3,21,750. 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 Vgn Highland?

The Vgn Highland area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tharapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is officially documented at a fair value.

When registering a property, buyers and sellers must consider the guideline value as it affects the stamp duty and registration fees payable. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Vgn Highland?

The current guideline value of Vgn Highland is Rs 3,575 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased by 10% from Rs 3,250 per sq.ft in 2023 to Rs 3,575 per sq.ft in 2024.

What are the other streets in Tharapakkam with their guideline values?

Other streets in Tharapakkam include Victorial Nagar, Vignesh Nagar, Vigneshwara Nagar, Vigneshwara Nagar Annexe, Vellalar Street, and Sri Krishna Garden, all with their respective guideline values listed for 2024.

What is the stamp duty rate for property transactions in Vgn Highland?

The stamp duty rate for property transactions in Vgn Highland is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vgn Highland?

The Sub Registrar Office covering Vgn Highland is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details online.