Guideline Value for VGP THIRUNAGAR PART-IV

Vgp Thirunagar Part-IV guideline value

The current guideline value for Vgp Thirunagar Part-IV is Rs 100 per sq.ft. This area is located in Mylapur village under the Oothukkottai SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Vgp Thirunagar Part-IV has changed

The guideline value for Vgp Thirunagar Part-IV has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 67 per sq.ft, marking a 49% increase from 2017 to 2023.

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 increased by 49%.

Guideline values in Mylapur

In Mylapur, there are 10 streets under the Oothukkottai SRO that carry a guideline value for 2024, all set at Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. Vgp Thirunagar Part-IV's 2024 figure is equal to this median.

• V.G.P.Thirunagar-Part-I: Rs 100 per sq.ft (2024)
• Venkateswara Nagar: Rs 100 per sq.ft (2024)
• Sri Vaari Nagar: Rs 100 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 100 per sq.ft (2024)
• Jothi Nagar: Rs 100 per sq.ft (2024)
• Balaji Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vgp Thirunagar Part-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, together totaling Rs 9,000. 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 Thirunagar Part-IV?

The Oothukkottai Sub Registrar Office covers Vgp Thirunagar Part-IV. It is located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mylapur. It serves as a benchmark for calculating stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records. It is important to be aware of the current guideline value to understand the financial implications of your property transaction.

Frequently asked questions

What is the current guideline value for Vgp Thirunagar Part-IV?

The current guideline value for Vgp Thirunagar Part-IV is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, rising from Rs 67 per sq.ft to Rs 100 per sq.ft in 2024.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is typically charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

Are there other streets in Mylapur with the same guideline value?

Yes, there are several other streets in Mylapur under the Oothukkottai SRO that also have a guideline value of Rs 100 per sq.ft for 2024.