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Guideline Value

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Guideline Value for V.G.P.LAYOUT PART I - 1st MAIN ROAD

₹5500/sq.ft.

The guideline value for V.g.p.layout Part I - 1st Main Road in Uthandi village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthandi

Village

Neelankarai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 V.g.p.layout Part I - 1st Main Road

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V.G.P.LAYOUT PART I - 1st MAIN ROAD guideline value

The current guideline value for V.G.P.LAYOUT PART I - 1st MAIN ROAD is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO, and it is classified as Residential Special Type - I.

How the guideline value of V.G.P.LAYOUT PART I - 1st MAIN ROAD has changed

The guideline value for V.G.P.LAYOUT PART I - 1st MAIN ROAD has undergone several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which then decreased to Rs 3,350 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,000 per sq.ft in 2023 and further rose to Rs 5,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 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 these streets is Rs 1,700 per sq.ft, placing V.G.P.LAYOUT PART I - 1st MAIN ROAD above this median.

Stamp duty and registration fee for property in V.G.P.LAYOUT PART I - 1st MAIN ROAD

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Please note that 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 information.

Which Sub Registrar Office covers V.G.P.LAYOUT PART I - 1st MAIN ROAD?

The Sub Registrar Office that covers V.G.P.LAYOUT PART I - 1st MAIN ROAD is 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 additional details.

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

The guideline value is an essential factor during the registration of property transactions in Uthandi. It is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It helps in establishing a fair transaction and ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for V.G.P.LAYOUT PART I - 1st MAIN ROAD?

The current guideline value for V.G.P.LAYOUT PART I - 1st MAIN ROAD is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification for V.G.P.LAYOUT PART I - 1st MAIN ROAD?

The land classification for V.G.P.LAYOUT PART I - 1st MAIN ROAD is Residential Special Type - I.

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 the stamp duty calculated for properties in V.G.P.LAYOUT PART I - 1st MAIN ROAD?

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, the guideline value is Rs 55,00,000, resulting in a stamp duty of Rs 3,85,000.