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Guideline Value

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Guideline Value for V.G.P.LAYOUT PART I - 2nd MAIN ROAD

₹5500/sq.ft.

The guideline value for V.g.p.layout Part I - 2nd 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 - 2nd Main Road

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V.G.P.LAYOUT PART I - 2nd MAIN ROAD guideline value

The current guideline value of V.G.P.LAYOUT PART I - 2nd 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 is classified as Residential Special Type - I.

How the guideline value of V.G.P.LAYOUT PART I - 2nd MAIN ROAD has changed

Over the years, the guideline value for V.G.P.LAYOUT PART I - 2nd MAIN ROAD has seen several revisions. In 2012, the guideline value was Rs 5,000 per sq.ft. This decreased to Rs 3,350 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, it increased significantly to Rs 5,000 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 5,500 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 - 2nd MAIN ROAD above this median.

Stamp duty and registration fee for property in V.G.P.LAYOUT PART I - 2nd MAIN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.P.LAYOUT PART I - 2nd MAIN ROAD?

The V.G.P.LAYOUT PART I - 2nd MAIN ROAD is covered by 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 crucial factor in the registration process for property transactions in Uthandi. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared to the actual sale price. The higher of the two values is used to calculate the stamp duty and registration fees, making it essential for both buyers and sellers to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value of V.G.P.LAYOUT PART I - 2nd MAIN ROAD?

The current guideline value of V.G.P.LAYOUT PART I - 2nd 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 increased 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 - 2nd MAIN ROAD?

The land classification for V.G.P.LAYOUT PART I - 2nd MAIN ROAD is Residential Special Type - I.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 3,85,000 and the registration fee is Rs 1,10,000, totaling Rs 4,95,000.

Which office handles registrations for V.G.P.LAYOUT PART I - 2nd MAIN ROAD?

The Neelankarai Sub Registrar Office handles registrations for V.G.P.LAYOUT PART I - 2nd MAIN ROAD, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.