Guideline Value for VGN NORTH WOOD PARK

Vgn North Wood Park guideline value

The current guideline value of Vgn North Wood Park is Rs 1,000 per sq.ft. This property is located in Thiritheri village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Vgn North Wood Park has changed

The guideline value for Vgn North Wood Park has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 700 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,000 per sq.ft in 2023. The current guideline value, effective from 1 July 2024, remains unchanged at Rs 1,000 per sq.ft.

Notably, the revisions from 2002 and 2003 do not have any figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 43%.

Guideline values in Thiritheri

In Thiritheri, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 702 to Rs 1,750 per sq.ft, with the median value being Rs 1,000 per sq.ft. Vgn North Wood Park's 2024 figure is equal to this median value.

• Sai Vignesh Nagar: Rs 1,000 per sq.ft (2024)
• Kuppai Kariyamman Kovil Street: Rs 1,000 per sq.ft (2024)
• Kishen Nagar: Rs 702 per sq.ft (2024)
• Gandhi Nagar: Rs 1,493 per sq.ft (2024)
• Ellaiamman Koil St: Rs 1,000 per sq.ft (2024)
• Boulevard Villa Phase-II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn North Wood Park

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000. Therefore, the total fees together would be Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vgn North Wood Park?

The Vgn North Wood Park is covered by 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 Thiritheri

The guideline value is a critical component in the registration process of property transactions in Thiritheri. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the land records.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. The guideline value helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Vgn North Wood Park?

The current guideline value of Vgn North Wood Park is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 1,000 per sq.ft in 2024. It was Rs 1,000 per sq.ft in 2023, Rs 670 per sq.ft in 2017, and Rs 1,000 per sq.ft in 2012.

What are the other streets in Thiritheri with similar guideline values?

Other streets in Thiritheri include Sai Vignesh Nagar, Kuppai Kariyamman Kovil Street, and Ellaiamman Koil St, all with a guideline value of Rs 1,000 per sq.ft in 2024.

What is the registration office for Vgn North Wood Park?

The registration office for Vgn North Wood Park is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Thiritheri?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 10,00,000 would incur a stamp duty of Rs 70,000.