Guideline Value for VGP GOLD FIELDS

Vgp Gold Fields guideline value

The current guideline value of Vgp Gold Fields is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Vedavakkam village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Vgp Gold Fields has changed

Looking at the revisions over the years, the guideline value for Vgp Gold Fields has seen several changes. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017, when the value was Rs 134 per sq.ft, there was a significant increase of 49% to reach Rs 200 per sq.ft in 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, the value decreased by 33%. Overall, comparing the 2012 value to the current 2024 value, there has been no change, as both are set at Rs 200 per sq.ft.

Guideline values in Vedavakkam

In Vedavakkam, there are six streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Vgp Gold Fields above this median.

• Vasantham Nagar Phase I: Rs 200 per sq.ft (2024)
• Wings Pon Nagar: Rs 150 per sq.ft (2024)
• Sri Thirumala Garden: Rs 126 per sq.ft (2024)
• Guberamangala Nagar: Rs 100 per sq.ft (2024)
• Anandham Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Vgp Gold Fields

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 Gold Fields?

The Vgp Gold Fields property falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vedavakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value for Vgp Gold Fields?

The current guideline value for Vgp Gold Fields is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. The value has remained unchanged from 2023 to 2024.

What is the median guideline value for streets in Vedavakkam?

The median guideline value for the six streets in Vedavakkam is Rs 150 per sq.ft, with Vgp Gold Fields above this median at Rs 200 per sq.ft.

What are the stamp duty and registration fees for Vgp Gold Fields?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Vgp Gold Fields located?

The Madurandakam Sub Registrar Office covers Vgp Gold Fields and is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.