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Guideline Value

Corporate

Guideline Value for Grey Nagar 4th cross Street

₹2700/sq.ft.

The guideline value for Grey Nagar 4th Cross Street in Vepery village (Periamet SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
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)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Grey Nagar 4th Cross Street

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Grey Nagar 4th cross Street guideline value

The current guideline value of Grey Nagar 4th cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Grey Nagar 4th cross Street has changed

The guideline value for Grey Nagar 4th cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, set at Rs 600 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, but then dropped to Rs 1,675 per sq.ft in 2017. Following this, it rose to Rs 2,500 per sq.ft in 2023 and further increased to the current value of Rs 2,700 per sq.ft in 2024. There are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, the value increased by 317% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects an increase of 8%. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value for these streets is Rs 4,800 per sq.ft, which indicates that the guideline value of Grey Nagar 4th cross Street is below this median.

Stamp duty and registration fee for property in Grey Nagar 4th cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Grey Nagar 4th cross Street?

The Grey Nagar 4th cross Street falls under the jurisdiction of the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial figure used during the registration of property transactions in Vepery. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on the official value of the property rather than the sale price.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline values to avoid unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Grey Nagar 4th cross Street?

The current guideline value of Grey Nagar 4th cross Street is Rs 2,700 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 2007 to Rs 2,700 per sq.ft in 2024, reflecting various increases and a decrease in between.

What is the land classification of Grey Nagar 4th cross Street?

Grey Nagar 4th cross Street is classified as Residential Class IV Type - I.

Where can I find the registration office for Grey Nagar 4th cross Street?

The registration office for Grey Nagar 4th cross Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Vepery?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is essential to consider the guideline value when planning a property transaction.