Guideline Value for VIP NAGAR PHASE -V
₹660/sq.ft.
The guideline value for Vip Nagar Phase -v in Thirukkachur - 1 village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Thirukkachur - 1
Village
Chengleput Joint II
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹660 /sq.ft. |
| From 1-4-2023 | ₹600 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹402 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹600 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Vip Nagar Phase -v
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Chengleput Joint Ii sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Vip Nagar Phase -V guideline value
The current guideline value of Vip Nagar Phase -V is Rs 660 per sq.ft. This property is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.
How the guideline value of Vip Nagar Phase -V has changed
The guideline value for Vip Nagar Phase -V has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase to Rs 600 per sq.ft in the 2023 revision, followed by another increase to Rs 660 per sq.ft in the 2024 revision, reflecting a total increase of 10% from the previous year.
From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 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 Thirukkachur - 1
In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO, with values ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is equal to the current value of Vip Nagar Phase -V.
- Vip Nagar Phase - IV: Rs 660 per sq.ft (2024)
- Vip Nagar: Rs 660 per sq.ft (2024)
- Vivekanda Nagar Phase -3: Rs 660 per sq.ft (2024)
- Vinayaga Moorthy Nagar: Rs 2,200 per sq.ft (2024)
- V O C Cross Street: Rs 385 per sq.ft (2024)
- V O C Street: Rs 385 per sq.ft (2024)
Stamp duty and registration fee for property in Vip Nagar Phase -V
For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.
Which Sub Registrar Office covers Vip Nagar Phase -V?
The Vip Nagar Phase -V is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Thirukkachur - 1
The guideline value plays a crucial role in property transactions in Thirukkachur - 1. When a property is sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.
Additionally, the guideline value helps in establishing a fair price for properties in the area. Buyers and sellers can reference this value to negotiate sale prices, ensuring transparency in the real estate market.
Frequently asked questions
What is the current guideline value of Vip Nagar Phase -V?
The current guideline value of Vip Nagar Phase -V is Rs 660 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.
What is the median guideline value in Thirukkachur - 1?
The median guideline value in Thirukkachur - 1 is Rs 660 per sq.ft, which is the same as the current value for Vip Nagar Phase -V.
What are the stamp duty and registration fees for properties in Vip Nagar Phase -V?
The stamp duty for properties in Vip Nagar Phase -V is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.
Where is the Chengleput Joint II Sub Registrar Office located?
The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.
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