Guideline Value for VIP ENCLAVE

Vip Enclave guideline value

The current guideline value of Vip Enclave, located in Sattamangalam village, is Rs 1,760 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Special Type - III land classification. The property is registered with the Chengleput Joint II SRO.

How the guideline value of Vip Enclave has changed

Looking at the historical revisions, the guideline value for Vip Enclave was Rs 1,600 per sq.ft in the 2023 revision, which showed an increase of 10% from the previous year. Prior to that, in the 2017 revision, the guideline value was Rs 1,072 per sq.ft, reflecting a significant increase of 49% over the six-year period. The 2012 revision also recorded a value of Rs 1,600 per sq.ft, indicating a decrease of 33% from the 2017 figure.

Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Vip Enclave is above this median.

• Vishnupriya Avenue (Ward -2): Rs 1,650 per sq.ft (2024)
• Vivekananda Nagar (Ward -18): Rs 1,100 per sq.ft (2024)
• Villiery Palayam (Ward -15): Rs 440 per sq.ft (2024)
• Villier Street Sattamangalam (Ward -15): Rs 660 per sq.ft (2024)
• Villier Colony (Ward -2): Rs 440 per sq.ft (2024)
• Vijayanaidu Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Vip Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. 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 Vip Enclave?

Vip Enclave is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vip Enclave?

The current guideline value of Vip Enclave is Rs 1,760 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024, a 10% increase. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification of Vip Enclave?

Vip Enclave falls under the Residential Special Type - III land classification, which is relevant for determining its guideline value and usage.

What are the stamp duty and registration fees for property in Vip Enclave?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 17,60,000. The stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles the registration of properties in Vip Enclave?

The Chengleput Joint II Sub Registrar Office handles the registration of properties in Vip Enclave, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.