Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for V.G.P.RAJESH NAGAR 3RD STREET

₹3850/sq.ft.

The guideline value for V.g.p.rajesh Nagar 3rd Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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.rajesh Nagar 3rd Street

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.Rajesh Nagar 3rd Street guideline value

The current guideline value of V.G.P.Rajesh Nagar 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of V.G.P.Rajesh Nagar 3rd Street has changed

The guideline value for V.G.P.Rajesh Nagar 3rd Street has seen several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the guideline value to Rs 3,850 per sq.ft, marking a significant increase of 64% from the 2017 figure.

Between the 2012 and 2017 revisions, the value decreased by 33%. Overall, comparing the 2012 and 2024 figures, there has been a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for V.G.P.Rajesh Nagar 3rd Street is above this median.

Stamp duty and registration fee for property in V.G.P.Rajesh Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.P.Rajesh Nagar 3rd Street?

The Sub Registrar Office that covers V.G.P.Rajesh Nagar 3rd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

When buying or selling property in Pallikaranai, the guideline value is a critical factor in determining the amount of stamp duty and registration fees payable. The guideline value serves as a benchmark for property transactions and is used by the registration office to assess the applicable fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with the registration process. The guideline value can influence the overall cost of the transaction, making it a vital consideration for all parties involved.

Frequently asked questions

What is the current guideline value of V.G.P.Rajesh Nagar 3rd Street?

The current guideline value of V.G.P.Rajesh Nagar 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 in 2012 to Rs 2,345 in 2017, and then to Rs 3,850 in 2024, showing an overall increase of 10% from 2012 to 2024.

What is the land classification for V.G.P.Rajesh Nagar 3rd Street?

The land classification for V.G.P.Rajesh Nagar 3rd Street is Commercial Class I Type - I.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers V.G.P.Rajesh Nagar 3rd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 3,850 per sq.ft would incur a stamp duty of Rs 2,69,500.