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Guideline Value

Corporate

Guideline Value for V.G.P.SHANTHI NAGAR 4TH STREET(AVVAI)

₹3850/sq.ft.

The guideline value for V.g.p.shanthi Nagar 4th Street(avvai) 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 4th Street(avvai)

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V.G.P.Shanthi Nagar 4th Street(Avvai) guideline value

The current guideline value of V.G.P.Shanthi Nagar 4th Street(Avvai) 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 4th Street(Avvai) has changed

Over the years, the guideline value of V.G.P.Shanthi Nagar 4th Street(Avvai) has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 2,345 per sq.ft. The most recent revision in 2024 increased the guideline value to Rs 3,850 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft in 2024. The median guideline value for these streets is Rs 1,650 per sq.ft, placing V.G.P.Shanthi Nagar 4th Street(Avvai) above this median.

Stamp duty and registration fee for property in V.G.P.Shanthi Nagar 4th Street(Avvai)

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, bringing the total fees together 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 also use the stamp duty and registration fee calculator for your convenience.

Which Sub Registrar Office covers V.G.P.Shanthi Nagar 4th Street(Avvai)?

The Sub Registrar Office that covers V.G.P.Shanthi Nagar 4th Street(Avvai) 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration norms.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and legally within the framework established by the local authorities.

Frequently asked questions

What is the current guideline value of V.G.P.Shanthi Nagar 4th Street(Avvai)?

The current guideline value of V.G.P.Shanthi Nagar 4th Street(Avvai) 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 to Rs 3,850 per sq.ft in 2024. This reflects a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

What are the other streets in Pallikaranai with the same guideline value?

Other streets in Pallikaranai, such as V.G.P.Shanthi Nagar 3rd Street, Bharathi Street, 1st Street, Extension 1st Cross Street, and Extension 2nd Cross Street, also have a guideline value of Rs 3,850 per sq.ft in 2024.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which Sub Registrar Office covers V.G.P.Shanthi Nagar 4th Street(Avvai)?

The Chennai South Joint I Sub Registrar Office covers V.G.P.Shanthi Nagar 4th Street(Avvai), located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.