Guideline Value for VVIP NAGAR

Vvip Nagar guideline value

The current guideline value of Vvip Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This locality is situated in the village of Sirupinayoor, Thiruvanthavar, under the Salavakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vvip Nagar has changed

The guideline value for Vvip Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 100 per sq.ft. The value then increased by 50% to Rs 150 per sq.ft in 2023. The 2024 revision also maintains this value at Rs 150 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 150 per sq.ft, indicating stability in this period.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In the village of Sirupinayoor, Thiruvanthavar, Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the guideline value of Vvip Nagar.

• Vsr Nagar: Rs 426 per sq.ft (2024)
• Welcome City: Rs 100 per sq.ft (2024)
• Welcome City Part-I: Rs 100 per sq.ft (2024)
• Vr Promotors Thendral Nagar: Rs 100 per sq.ft (2024)
• Wood Creek: Rs 100 per sq.ft (2024)
• Vishwa Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vvip Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. 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 details.

Which Sub Registrar Office covers Vvip Nagar?

The Sub Registrar Office that covers Vvip Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. For further information, you can find your SRO.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value is a crucial factor in the registration process when buying or selling property in Sirupinayoor, Thiruvanthavar, Perungazhi. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges. Buyers and sellers must be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the correct fees are paid to the Registration Department.

Frequently asked questions

What is the current guideline value of Vvip Nagar?

The current guideline value of Vvip Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification for Vvip Nagar?

The land classification for Vvip Nagar is Residential Special Type - I.

Where can I find the registration office for Vvip Nagar?

The registration office for Vvip Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vvip Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000, leading to a stamp duty of Rs 10,500.