Guideline Value for VGP Chakra Town

VGP Chakra Town guideline value

The current guideline value of VGP Chakra Town is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the jurisdiction of the Sriperumpudur SRO. The land classification is Residential Class III Type - I.

How the guideline value of VGP Chakra Town has changed

The guideline value for VGP Chakra Town has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The latest revision in 2024 has kept the guideline value at Rs 700 per sq.ft, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is equal to the current figure for VGP Chakra Town.

• V.G.P. Ramanjar Nagar I II III: Rs 700 per sq.ft (2024)
• V.G.P Ramanujar Town: Rs 700 per sq.ft (2024)
• V.G.P Santhosapuram Part I: Rs 700 per sq.ft (2024)
• V.G.P Santhosh Nagar: Rs 700 per sq.ft (2024)
• Vignesh Nagar: Rs 700 per sq.ft (2024)
• Vijaya Sankara Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in VGP Chakra Town

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. 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 VGP Chakra Town?

The Sub Registrar Office that covers VGP Chakra Town is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees applicable when buying or selling property in this area.

When registering a property, the guideline value serves as a benchmark for calculating the costs involved. Buyers and sellers should be aware of this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of VGP Chakra Town?

The current guideline value of VGP Chakra Town is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, showing a 49% increase over this period.

What is the land classification for VGP Chakra Town?

The land classification for VGP Chakra Town is Residential Class III Type - I.

Where can I find the Sub Registrar Office for VGP Chakra Town?

The Sub Registrar Office for VGP Chakra Town is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in VGP Chakra Town?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft would incur a stamp duty of Rs 49,000.