Guideline Value for VGP Queens Town

VGP Queens Town guideline value

The current guideline value of VGP Queens Town is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Mevaloorkuppam B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - II.

How the guideline value of VGP Queens Town has changed

In the 2023 revision, the guideline value was Rs 900 per sq.ft. However, in the 2024 revision, it decreased to Rs 700 per sq.ft, reflecting a change of -22%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only available revisions are from 2023 and 2024. The significant drop from Rs 900 to Rs 700 per sq.ft indicates a notable change in the guideline value for VGP Queens Town.

Guideline values in Mevaloorkuppam B

Mevaloorkuppam B village has a total of 84 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for this area is Rs 400 per sq.ft, and VGP Queens Town's 2024 figure is above this median.

• VGP Industrial Form: Rs 700 per sq.ft (2024)
• Vijayashanthi Infinite: Rs 1,320 per sq.ft (2024)
• Venkateswara Nagar - II: Rs 300 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Vinayagar Koil Street: Rs 300 per sq.ft (2024)
• Vasan Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in VGP Queens Town

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total 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 Queens Town?

The Sub Registrar Office covering VGP Queens 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 Mevaloorkuppam B

The guideline value is a crucial factor during the registration of property transactions in Mevaloorkuppam B. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value affects the stamp duty and registration fees payable, which are calculated based on this value. Buyers should be aware of the current guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of VGP Queens Town?

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

How has the guideline value changed over the years?

The guideline value for VGP Queens Town was Rs 900 per sq.ft in 2023 and decreased to Rs 700 per sq.ft in 2024, representing a -22% change. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of VGP Queens Town?

VGP Queens Town is classified as Residential Special Type - II. This classification can influence the guideline value and the types of developments allowed in the area.

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

The Sub Registrar Office for VGP Queens 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 Queens Town?

The stamp duty for properties in VGP Queens Town is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, which is based on the same value.