Guideline Value for VGP Jayanthi Town

VGP Jayanthi Town guideline value

The current guideline value of VGP Jayanthi Town is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Maathoor village under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of VGP Jayanthi Town has changed

The guideline value for VGP Jayanthi Town has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 268 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 400 per sq.ft, showing a decrease of 33% from the 2012 figure to the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value remains unchanged at Rs 400 per sq.ft.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft, with a median value of Rs 500 per sq.ft. VGP Jayanthi Town's guideline value is below this median.

• VGP Jayanthi Town Part-I: Rs 400 per sq.ft (2024)
• Venkateshwara Nagar: Rs 250 per sq.ft (2024)
• V.O.C Street: Rs 500 per sq.ft (2024)
• Valluvar Street: Rs 500 per sq.ft (2024)
• Town House Phase-II @ Temple Green: Rs 1,000 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in VGP Jayanthi Town

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that the 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 Jayanthi Town?

The Sub Registrar Office that covers VGP Jayanthi Town is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, 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 Maathoor

The guideline value plays a crucial role during the registration of property transactions in Maathoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded at a fair value as determined by the government. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for VGP Jayanthi Town?

The current guideline value for VGP Jayanthi Town is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a significant increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for VGP Jayanthi Town?

VGP Jayanthi Town is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in VGP Jayanthi Town?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 400 per sq.ft, the total stamp duty and registration fees would amount to Rs 36,000.

Which office handles registrations for VGP Jayanthi Town?

The Sunguvarchattram Sub Registrar Office handles registrations for VGP Jayanthi Town. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.