Guideline Value for VGP Vinoth Town Part -I

VGP Vinoth Town Part -I guideline value

The current guideline value for VGP Vinoth Town Part -I is Rs 300 per sq.ft. This property is located in Sirukalathur village, under the Sriperumpudur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of VGP Vinoth Town Part -I has changed

The guideline value for VGP Vinoth Town Part -I has undergone 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, in 2017, the value was adjusted to Rs 201 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back to Rs 300 per sq.ft, and this figure remained consistent in the 2024 revision, resulting in no percentage change from 2023 to 2024.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sirukalathur

In Sirukalathur, five streets under the Sriperumpudur SRO have a 2024 guideline value ranging from Rs 300 to Rs 1,900 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for VGP Vinoth Town Part -I is below this median.

• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Sri Sai Nagar (Mohamed Nagar): Rs 400 per sq.ft (2024)
• S & P Fortune: Rs 1,500 per sq.ft (2024)
• Vista Marbella: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in VGP Vinoth Town Part -I

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to 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, bringing the total cost for these fees to 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 the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers VGP Vinoth Town Part -I?

The Sub Registrar Office that covers VGP Vinoth Town Part -I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sirukalathur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

When registering a property, the guideline value helps in assessing the official value of the property, which is essential for legal documentation. It is important for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of VGP Vinoth Town Part -I?

The current guideline value of VGP Vinoth Town Part -I is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017. It was then revised back to Rs 300 per sq.ft in 2023.

What is the land classification of VGP Vinoth Town Part -I?

VGP Vinoth Town Part -I is classified under Residential Class II Type - I land classification.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000.

Which office handles property registration in this area?

The Sriperumpudur Sub Registrar Office handles property registration for VGP Vinoth Town Part -I, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.