Guideline Value for V V V GARDEN

V V V Garden guideline value

The current guideline value of V V V Garden in Uthandi village, under the Neelankarai SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - IV.

How the guideline value of V V V Garden has changed

In the 2017 revision, the guideline value was Rs 2,345 per sq.ft. This figure increased to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 3,900 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 66%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for the village is Rs 1,700 per sq.ft, placing V V V Garden's 2024 figure above this median.

• V.V.Venkatasubramaniam Salai: Rs 2,200 per sq.ft (2024)
• V.V.S.Subramaniam Enclave: Rs 3,300 per sq.ft (2024)
• V.V.S.Subramaniam Encalve Salai: Rs 3,300 per sq.ft (2024)
• V.V. Salai: Rs 5,500 per sq.ft (2024)
• V.R.Salai: Rs 2,800 per sq.ft (2024)
• West Gangaiamman Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in V V V Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers V V V Garden?

The V V V Garden area falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Uthandi. It is used to determine the stamp duty and registration fees applicable during the property transaction.

When registering a property, the guideline value is considered to ensure that the transaction is documented at a value recognized by the government, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of V V V Garden?

The current guideline value of V V V Garden is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 66%.

What is the land classification of V V V Garden?

V V V Garden is classified as Residential Special Type - IV, indicating its designation for residential purposes.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated in V V V Garden?

Stamp duty in V V V Garden is calculated based on the higher of the guideline value or the sale price. The current stamp duty rate is 7% of the guideline value.