Guideline Value for VGP GOLD NEST

Vgp Gold Nest guideline value

The current guideline value of Vgp Gold Nest is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Nethapakkam village under the Madurandakam SRO, classified as Mixed Type - I land.

How the guideline value of Vgp Gold Nest has changed

The guideline value for Vgp Gold Nest has remained consistent over the years. The 2017 revision recorded a guideline value of Rs 300 per sq.ft, which was unchanged in the subsequent revisions of 2023 and 2024, indicating a stable valuation over this period.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has not changed, maintaining a steady rate of Rs 300 per sq.ft throughout these years.

Guideline values in Nethapakkam

In Nethapakkam, there are 8 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 130 per sq.ft, placing Vgp Gold Nest's value above this median.

• Santhosh Nagar: Rs 100 per sq.ft (2024)
• Sakthi Saibaba Nagar: Rs 100 per sq.ft (2024)
• J.U.S.Nagar: Rs 100 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Besant Nagar: Rs 160 per sq.ft (2024)
• Ambal Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vgp Gold Nest

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vgp Gold Nest?

The Sub Registrar Office that covers Vgp Gold Nest is 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 Nethapakkam

The guideline value is a critical factor in the registration process for property transactions in Nethapakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a value that reflects the local market conditions.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Vgp Gold Nest?

The current guideline value of Vgp Gold Nest is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vgp Gold Nest has remained stable at Rs 300 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What are the other streets in Nethapakkam with their guideline values?

Other streets in Nethapakkam include Santhosh Nagar at Rs 100 per sq.ft, Sakthi Saibaba Nagar at Rs 100 per sq.ft, J.U.S.Nagar at Rs 100 per sq.ft, Ganapathy Nagar at Rs 200 per sq.ft, Besant Nagar at Rs 160 per sq.ft, and Ambal Nagar at Rs 100 per sq.ft.

How is stamp duty calculated for properties in Vgp Gold Nest?

Stamp duty for properties in Vgp Gold Nest is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 21,000.

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

The Sub Registrar Office for Vgp Gold Nest is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.