Guideline Value for VMR Nagar

VMR Nagar guideline value

The current guideline value of VMR Nagar, located in Santhavellur_B village under the Sunguvarchattram SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - I land classification.

How the guideline value of VMR Nagar has changed

The guideline value for VMR Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which remained unchanged in the 2023 revision at Rs 200 per sq.ft. The current 2024 revision also maintains the guideline value at Rs 200 per sq.ft, indicating no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and the overall change from 2017 to 2024 is also +49%. The guideline value has remained stable from 2023 to 2024, showing no percentage change.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. VMR Nagar's guideline value is below this median.

• Vinatha Nagar: Rs 300 per sq.ft (2024)
• Venus Nagar: Rs 400 per sq.ft (2024)
• Vasuki nagar: Rs 700 per sq.ft (2024)
• Vasavi Nagar: Rs 700 per sq.ft (2024)
• varasithi Vinayagar Street: Rs 200 per sq.ft (2024)
• Theruveethiamman Kovil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in VMR Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VMR Nagar?

The Sub Registrar Office that covers VMR Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Santhavellur_B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in establishing a fair price for the property, ensuring transparency in the registration process.

Frequently asked questions

What is the current guideline value of VMR Nagar?

The current guideline value of VMR Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, reflecting a total change of 49% from 2017 to 2024.

What is the median guideline value in Santhavellur_B?

The median guideline value in Santhavellur_B is Rs 400 per sq.ft, while VMR Nagar's value is below this median at Rs 200 per sq.ft.

What are the stamp duty and registration fees for VMR Nagar?

For a property valued at Rs 2,00,000 in VMR Nagar, the total stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, making a total of Rs 18,000.

Which office handles property registrations for VMR Nagar?

The Sunguvarchattram Sub Registrar Office handles property registrations for VMR Nagar, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.