Guideline Value for VGP VIAAN CITY

Vgp Viaan City guideline value

The current guideline value of Vgp Viaan City in Kendiracherry village, under the Madurandakam SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class II Type - I.

How the guideline value of Vgp Viaan City has changed

The guideline value for Vgp Viaan City has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision did see an increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. The 2023 revision maintained the same value of Rs 300 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 300 per sq.ft, reflecting a 0% change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained the same, showing a 0% change.

Guideline values in Kendiracherry

Kendiracherry village has 17 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median of Rs 100 per sq.ft. Vgp Viaan City's 2024 figure is above this median.

• Sai Serveshwara Garden: Rs 250 per sq.ft (2024)
• Ram Nagar Extn: Rs 100 per sq.ft (2024)
• Ram Nagar: Rs 100 per sq.ft (2024)
• Prince Park: Rs 100 per sq.ft (2024)
• Prakash Park: Rs 100 per sq.ft (2024)
• Lake View: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vgp Viaan City

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vgp Viaan City?

The Vgp Viaan City area falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Kendiracherry. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold. The value ensures that the government receives appropriate revenue based on the property's worth as determined by official assessments.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the necessary fees. This process ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vgp Viaan City?

The current guideline value of Vgp Viaan City is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What are the guideline values of other streets in Kendiracherry?

Other streets in Kendiracherry have varying guideline values, with rates ranging from Rs 100 to Rs 300 per sq.ft. For instance, Sai Serveshwara Garden is valued at Rs 250 per sq.ft, while several others are at Rs 100 per sq.ft.

How is stamp duty calculated for properties in Vgp Viaan City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Vgp Viaan City?

The Madurandakam Sub Registrar Office covers Vgp Viaan City, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.