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Guideline Value

Corporate

Guideline Value for V.G.P.SHANTHI NAGAR 3RD STREET (ELANGO)

₹3850/sq.ft.

The guideline value for V.g.p.shanthi Nagar 3rd Street (elango) 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.shanthi Nagar 3rd Street (elango)

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V.G.P.Shanthi Nagar 3rd Street (Elango) guideline value

The current guideline value of V.G.P.Shanthi Nagar 3rd Street (Elango) 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.Shanthi Nagar 3rd Street (Elango) has changed

The guideline value for V.G.P.Shanthi Nagar 3rd Street (Elango) has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was set at Rs 3,500 per sq.ft. This figure decreased to Rs 2,345 per sq.ft in 2017, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase, bringing the guideline value back up to Rs 3,850 per sq.ft, which represents a 64% increase from the 2017 figure.

Overall, comparing the values from 2012 to 2024, there has been a slight increase of 10%. It is important to note that there are no figures available for the revisions in 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. The median guideline value in this area is Rs 1,650 per sq.ft, placing V.G.P.Shanthi Nagar 3rd Street (Elango) above that median.

Stamp duty and registration fee for property in V.G.P.Shanthi Nagar 3rd Street (Elango)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total fees together Rs 3,46,500. It is important to note that the 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.Shanthi Nagar 3rd Street (Elango)?

The Sub Registrar Office that covers V.G.P.Shanthi Nagar 3rd Street (Elango) 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 details.

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

The guideline value is a crucial factor when registering property in Pallikaranai. It is used to determine the stamp duty and registration fees that must be paid during the property transaction process. Buyers and sellers should be aware that the guideline value may differ from the sale price, and the higher amount will be used for calculating the applicable fees.

When a property is sold, the guideline value serves as a benchmark for the transaction. It ensures that the government receives the appropriate revenue from property sales, based on the established values for various streets and areas.

Frequently asked questions

What is the current guideline value of V.G.P.Shanthi Nagar 3rd Street (Elango)?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, and then increased to Rs 3,850 per sq.ft in 2024.

What is the land classification for V.G.P.Shanthi Nagar 3rd Street (Elango)?

The land classification for V.G.P.Shanthi Nagar 3rd Street (Elango) 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.Shanthi Nagar 3rd Street (Elango), located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in V.G.P.Shanthi Nagar 3rd Street (Elango)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,69,500.