Guideline Value for VIP Nagar
₹300/sq.ft.
The guideline value for Vip Nagar in Kolathur village (Sriperumpudur SRO, Chengalpattu zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Kolathur
Village
Sriperumpudur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹300 /sq.ft. |
| From 1-4-2023 | ₹300 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹201 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹300 /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
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Vip Nagar
- 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
- Sriperumpudur 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 guideline value
The current guideline value of VIP Nagar, located in Kolathur village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.
How the guideline value of VIP Nagar has changed
The guideline value for VIP Nagar 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, in 2017, the value was Rs 201 per sq.ft, marking a decrease of 33% from 2012. The 2023 revision kept the value at Rs 300 per sq.ft, and the same value was maintained in the 2024 revision, resulting in no change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.
From 2017 to 2023, there was an increase of 49%, as the value rose from Rs 201 per sq.ft to Rs 300 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change despite the fluctuations in previous years.
Guideline values in Kolathur
In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, making VIP Nagar's 2024 figure of Rs 300 per sq.ft above the median.
- VIP city: Rs 300 per sq.ft (2024)
- Vinayagar Koil Street: Rs 200 per sq.ft (2024)
- V.O.C Nagar: Rs 200 per sq.ft (2024)
- VGP Iswarya Nagar: Rs 400 per sq.ft (2024)
- Thiruvalluvar Salai: Rs 250 per sq.ft (2024)
- Tambaram Roja Nagar: Rs 300 per sq.ft (2024)
Stamp duty and registration fee for property in VIP Nagar
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 amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that 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 details.
Which Sub Registrar Office covers VIP Nagar?
The Sub Registrar Office that covers VIP Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Kolathur
The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties comply with legal requirements.
When a property is registered, the guideline value is assessed to calculate the fees based on the higher value between the guideline and the sale price. This ensures transparency in property transactions and helps maintain a standard for property valuations within the area.
Frequently asked questions
What is the current guideline value of VIP Nagar?
The current guideline value of VIP Nagar is Rs 300 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value for VIP Nagar has remained at Rs 300 per sq.ft since 2012, with fluctuations in previous years. The most significant change occurred between 2017 and 2023, where it increased by 49% from Rs 201 per sq.ft to Rs 300 per sq.ft.
What is the land classification for VIP Nagar?
VIP Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.
Where can I find the Sub Registrar Office for VIP Nagar?
The Sub Registrar Office for VIP Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
How is stamp duty calculated for properties in VIP Nagar?
Stamp duty for properties in VIP Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 27,000 based on the current guideline value.
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