Guideline Value

Corporate

Guideline Value for V.G.P.LAYOUT PART II CROSS ROAD

₹5000/sq.ft.

The guideline value for V.g.p.layout Part Ii Cross Road in Uthandi village (Neelankarai SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthandi

Village

Neelankarai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /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 Ii Cross Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

V.G.P.Layout Part II Cross Road guideline value

The current guideline value of V.G.P.Layout Part II Cross Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of V.G.P.Layout Part II Cross Road has changed

The guideline value for V.G.P.Layout Part II Cross Road has seen several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which was a decrease of 33% from Rs 3,015 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 4,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 5,000 per sq.ft, marking an 11% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is an increase of 11%. 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 value is Rs 1,700 per sq.ft, placing the guideline value of V.G.P.Layout Part II Cross Road above this median.

Stamp duty and registration fee for property in V.G.P.Layout Part II Cross Road

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. Duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers V.G.P.Layout Part II Cross Road?

The Sub Registrar Office that covers V.G.P.Layout Part II Cross 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property must be registered. This value is essential for compliance with legal requirements and for determining the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of V.G.P.Layout Part II Cross Road?

The current guideline value of V.G.P.Layout Part II Cross Road is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2023 to Rs 5,000 per sq.ft in 2024, marking an 11% increase. It was Rs 3,015 per sq.ft in 2017, and Rs 4,500 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for V.G.P.Layout Part II Cross Road?

The land classification for V.G.P.Layout Part II Cross Road is Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for V.G.P.Layout Part II Cross Road is the Neelankarai Sub Registrar Office, 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 Uthandi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 at a rate of 7%.