Guideline Value for VGN SAMUDRA

Vgn Samudra guideline value

The current guideline value of Vgn Samudra is Rs 4,930 per sq.ft, effective from 1 July 2024. This property is located in Thiruneermalai village, under the Pammal SRO, and is classified as Mixed Type - II land.

How the guideline value of Vgn Samudra has changed

The guideline value for Vgn Samudra has undergone several revisions over the years. The 2017 revision set the value at Rs 3,000 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased significantly to Rs 4,930 per sq.ft, marking a 64% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, placing Vgn Samudra's 2024 figure above this median.

• V.G.N. Grand Historia: Rs 2,200 per sq.ft (2024)
• Venkateswara Street: Rs 2,200 per sq.ft (2024)
• Venkatesan Street: Rs 2,200 per sq.ft (2024)
• Venkataraman Street: Rs 2,420 per sq.ft (2024)
• Vembuli Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Vikshadha Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Samudra

For a 1,000 sq.ft plot at the current guideline value of Rs 4,930 per sq.ft, the total guideline value amounts to Rs 49,30,000. The stamp duty at 7% would be Rs 3,45,100, and the registration fee at 2% would be Rs 98,600, bringing the total fees together to Rs 4,43,700. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Vgn Samudra?

The Vgn Samudra property falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thiruneermalai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Ensuring that the sale price meets or exceeds the guideline value is necessary for a smooth registration process.

Frequently asked questions

What is the current guideline value of Vgn Samudra?

The current guideline value of Vgn Samudra is Rs 4,930 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%, going from Rs 3,000 per sq.ft to Rs 4,930 per sq.ft.

What is the land classification of Vgn Samudra?

Vgn Samudra is classified as Mixed Type - II land, which is a designation used for various types of land use.

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

The Pammal Sub Registrar Office, which covers Vgn Samudra, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for property in Vgn Samudra?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,45,100.