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Guideline Value

Corporate

Guideline Value for V.G.P.SHANTHI NAGAR MAIN ROAD

₹3850/sq.ft.

The guideline value for V.g.p.shanthi Nagar Main Road in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. 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 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Main Road

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V.G.P.Shanthi Nagar Main Road guideline value

The current guideline value of V.G.P.Shanthi Nagar Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Pallikaranai village and falls under the Chennai South Joint I SRO, classified as Commercial Class I Type - I.

How the guideline value of V.G.P.Shanthi Nagar Main Road has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,850 per sq.ft, marking a 10% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. The consistent figure of Rs 3,500 per sq.ft from 2012 to 2023 indicates stability before the recent increase.

Guideline values in Pallikaranai

Pallikaranai 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. The median guideline value in this area is Rs 1,650 per sq.ft, placing V.G.P.Shanthi Nagar Main Road above this median.

Stamp duty and registration fee for property in V.G.P.Shanthi Nagar Main Road

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 to Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.P.Shanthi Nagar Main Road?

The V.G.P.Shanthi Nagar Main Road is covered by 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 additional information.

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

The guideline value is a crucial factor in property transactions in Pallikaranai, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, buyers must ensure that the sale price is either equal to or above the guideline value. This ensures that the correct fees are paid and that the transaction is legally compliant with local regulations.

Frequently asked questions

What is the current guideline value of V.G.P.Shanthi Nagar Main Road?

The current guideline value of V.G.P.Shanthi Nagar Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023.

What is the land classification for V.G.P.Shanthi Nagar Main Road?

The land classification for V.G.P.Shanthi Nagar Main Road is Commercial Class I Type - I.

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

Several other streets in Pallikaranai have the same guideline value of Rs 3,850 per sq.ft in 2024, including V.G.P. Shanthi Nagar Lakshmi Street Extension, V.G.P. Shanthi Nagar Mullai Street, and others.

Where can I find the Sub Registrar Office for V.G.P.Shanthi Nagar Main Road?

The Sub Registrar Office covering V.G.P.Shanthi Nagar Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.