Guideline Value for VGP THIRUNAGAR

Vgp Thirunagar guideline value

The current guideline value of Vgp Thirunagar is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Aatrambakkam village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vgp Thirunagar has changed

Over the years, the guideline value for Vgp Thirunagar has seen several revisions. 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. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024. Overall, the guideline value has increased by 49% from 2017 to 2024.

Guideline values in Aatrambakkam

Aatrambakkam village has a range of guideline values, with seven streets under the Oothukkottai SRO carrying a 2024 figure from Rs 100 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, which is equal to the 2024 figure for Vgp Thirunagar.

• Sri Sai Ranga Nagar: Rs 100 per sq.ft (2024)
• Sairam Garden -Phase-II: Rs 100 per sq.ft (2024)
• Sairam Garden -Phase-I: Rs 100 per sq.ft (2024)
• Arunodhaya Nagar: Rs 100 per sq.ft (2024)
• Mani Nagar: Rs 400 per sq.ft (2024)
• பெயரிடபடாத மனைப்பிரிவு: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vgp Thirunagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost for these fees Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vgp Thirunagar?

The Sub Registrar Office that covers Vgp Thirunagar is the Oothukkottai Sub Registrar Office, 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 Aatrambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Aatrambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the registration office will assess the guideline value to ensure that the appropriate fees are collected. Buyers should be aware that the duty is charged based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Vgp Thirunagar?

The current guideline value of Vgp Thirunagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall within that period.

What is the land classification of Vgp Thirunagar?

Vgp Thirunagar is classified as Residential Class I Type - I.

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

Other streets in Aatrambakkam include Sri Sai Ranga Nagar, Sairam Garden -Phase-I, Sairam Garden -Phase-II, Arunodhaya Nagar, and a few others, with values ranging from Rs 100 to Rs 400 per sq.ft.

Where can I find the Oothukkottai Sub Registrar Office?

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