Guideline Value for Vaikuntham Nagar

Vaikuntham Nagar guideline value

The current guideline value of Vaikuntham Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Vaikuntham Nagar has changed

Over the years, the guideline value of Vaikuntham Nagar has seen several revisions. The 2007 revision set the value at Rs 290 per sq.ft, which then decreased to Rs 200 per sq.ft in the 2012 revision. Following that, the value increased to Rs 134 per sq.ft in 2017, before stabilizing at Rs 200 per sq.ft in both the 2023 and 2024 revisions. It is important to note that the register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the value decreased by 33% from 2012 to 2017. The 2007 to 2012 period saw a decrease of 31%. Overall, from 2007 to 2024, the guideline value has decreased by 31%.

Guideline values in Valarpuram

In Valarpuram village, there are 91 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, making the guideline value of Vaikuntham Nagar below this median.

• Vaishnavi Farms: Rs 200 per sq.ft (2024)
• Valar Nagar: Rs 200 per sq.ft (2024)
• Varatharajan Nagar: Rs 400 per sq.ft (2024)
• Vasuki Nagar: Rs 300 per sq.ft (2024)
• Venkatachalapathi Nagar: Rs 400 per sq.ft (2024)
• Thirumal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Vaikuntham Nagar

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

Which Sub Registrar Office covers Vaikuntham Nagar?

The Sub Registrar Office that covers Vaikuntham 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 Valarpuram

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

When a property is registered, the guideline value is compared with the sale price. The higher of the two amounts is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vaikuntham Nagar?

The current guideline value of Vaikuntham 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 seen several changes, with a decrease from Rs 290 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then rising to Rs 134 per sq.ft in 2017, and stabilizing at Rs 200 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties in Vaikuntham Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Which Sub Registrar Office covers Vaikuntham Nagar?

The Sriperumpudur Sub Registrar Office covers Vaikuntham Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the appropriate revenue is collected based on the higher of the guideline value or the sale price.