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Guideline Value

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Guideline Value for V.G.P.LAYOUT PART I - 3rd MAIN ROAD

₹5500/sq.ft.

The guideline value for V.g.p.layout Part I - 3rd 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 - 3rd Main Road

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V.G.P.LAYOUT PART I - 3rd MAIN ROAD guideline value

The current guideline value for V.G.P.LAYOUT PART I - 3rd MAIN ROAD is Rs 5,500 per sq.ft, effective from 1 July 2024. This road 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 - 3rd MAIN ROAD has changed

The guideline value for V.G.P.LAYOUT PART I - 3rd MAIN ROAD has undergone several revisions over the years. In 2012, the guideline value was Rs 5,000 per sq.ft, which 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 2024, marking a 10% increase from the previous year. The overall change from 2012 to 2024 reflects a 10% increase.

Between the revisions, notable changes include a 49% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017. 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 with a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value is Rs 1,700 per sq.ft, making the guideline value for V.G.P.LAYOUT PART I - 3rd MAIN ROAD above this median.

Stamp duty and registration fee for property in V.G.P.LAYOUT PART I - 3rd 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 would be 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, bringing the total fees to Rs 4,95,000. It is important to note that 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 more information.

Which Sub Registrar Office covers V.G.P.LAYOUT PART I - 3rd MAIN ROAD?

The V.G.P.LAYOUT PART I - 3rd MAIN ROAD 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 further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for V.G.P.LAYOUT PART I - 3rd MAIN ROAD?

The current guideline value for V.G.P.LAYOUT PART I - 3rd 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 seen various changes, 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 - 3rd MAIN ROAD?

The land classification for V.G.P.LAYOUT PART I - 3rd MAIN ROAD is Residential Special Type - I.

What is the stamp duty rate for properties in Uthandi?

The stamp duty rate for properties in Uthandi is typically 7% of the guideline value or sale price, whichever is higher.

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.