Guideline Value for VGN SOUTHERN COLONY (KR)

Vgn Southern Colony (Kr) guideline value

The current guideline value for Vgn Southern Colony (Kr) in Peramanoor village is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Vgn Southern Colony (Kr) has changed

Over the years, the guideline value for Vgn Southern Colony (Kr) has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft. The value then increased significantly to Rs 1,800 per sq.ft in the 2023 revision, and currently stands at Rs 1,980 per sq.ft from the 2024 revision.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has risen by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Vgn Southern Colony (Kr) is above this median.

• Vethanayagam Street(Ward -8): Rs 1,760 per sq.ft (2024)
• Venkateswaran Nagar (Per): Rs 661 per sq.ft (2024)
• Vignesh Garden: Rs 990 per sq.ft (2024)
• Vignesh Nagar (N): Rs 661 per sq.ft (2024)
• Venkatesapuram Colony (Kr): Rs 661 per sq.ft (2024)
• Vijayanaidu Street (Ward -17): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Southern Colony (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total charges Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vgn Southern Colony (Kr)?

The Vgn Southern Colony (Kr) area 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Peramanoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

In practice, the guideline value is referenced to assess the value of the property being transacted. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Vgn Southern Colony (Kr)?

The current guideline value of Vgn Southern Colony (Kr) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and is currently Rs 1,980 per sq.ft in 2024.

What is the land classification for Vgn Southern Colony (Kr)?

Vgn Southern Colony (Kr) is classified as Residential Special Type - II, which influences its guideline value and usage.

What are the stamp duty and registration fees for a property in Vgn Southern Colony (Kr)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a plot valued at Rs 19,80,000, the total charges would be Rs 1,78,200.

Which office handles property registrations for Vgn Southern Colony (Kr)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Vgn Southern Colony (Kr), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.