Guideline Value for VGP NEW GOLDEN AVENUE

Vgp New Golden Avenue guideline value

The current guideline value of Vgp New Golden Avenue is Rs 605 per sq.ft, effective from 1 July 2024. This street is located in Kalivanthapattu village, under the Thiruporur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Vgp New Golden Avenue has changed

In the 2023 revision, the guideline value for Vgp New Golden Avenue was Rs 600 per sq.ft. This marked an increase of 1% from the previous year. The 2024 revision has set the guideline value at Rs 605 per sq.ft, reflecting a continued stability in valuation.

There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street. The only revisions with figures are from 2023 and 2024, showing a consistent valuation pattern in recent years.

Guideline values in Kalivanthapattu

In Kalivanthapattu, there are 19 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 605 per sq.ft, which is equal to the guideline value of Vgp New Golden Avenue for 2024.

• Vgp New Gold Avenue: Rs 605 per sq.ft (2024)
• Vigilance Nagar: Rs 600 per sq.ft (2024)
• Venkateshwara Nagar: Rs 800 per sq.ft (2024)
• Thirunagar: Rs 450 per sq.ft (2024)
• Sundrapuram: Rs 600 per sq.ft (2024)
• Sri Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Vgp New Golden Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would be Rs 42,350, and the registration fee at 2% would be Rs 12,100, making the total cost for these fees Rs 54,450. 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 New Golden Avenue?

The Sub Registrar Office covering Vgp New Golden Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kalivanthapattu. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is taken into consideration to assess the financial obligations of the buyer. This ensures that both parties are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Vgp New Golden Avenue?

The current guideline value of Vgp New Golden Avenue is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vgp New Golden Avenue was Rs 600 per sq.ft in 2023 and has increased by 1% to Rs 605 per sq.ft in 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Vgp New Golden Avenue?

Vgp New Golden Avenue is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vgp New Golden Avenue?

Stamp duty for properties in Vgp New Golden Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% based on the guideline value.