Guideline Value

Corporate

Guideline Value for V.G.P.THIRUNAGAR-PART-I

₹100/sq.ft.

The guideline value for V.g.p.thirunagar-part-i in Mylapur village (Oothukkottai SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapur

Village

Oothukkottai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /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)

Near-government Hospital Uthukottai. 602026
044-27631361
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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.thirunagar-part-i

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V.G.P.Thirunagar-Part-I guideline value

The current guideline value of V.G.P.Thirunagar-Part-I is Rs 100 per sq.ft. This property is located in Mylapur village and falls under the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of V.G.P.Thirunagar-Part-I has changed

The guideline value for V.G.P.Thirunagar-Part-I has undergone several revisions over the years. In 2012, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged in the subsequent revision in 2017, where it was recorded at Rs 67 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 100 per sq.ft. The 2024 revision also maintains this value at Rs 100 per sq.ft, indicating no change from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 100 per sq.ft.

Guideline values in Mylapur

In Mylapur, there are 10 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with a median value of Rs 100 per sq.ft. V.G.P.Thirunagar-Part-I's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in V.G.P.Thirunagar-Part-I

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.G.P.Thirunagar-Part-I?

The V.G.P.Thirunagar-Part-I is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This means that understanding the guideline value is essential for both parties to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of V.G.P.Thirunagar-Part-I?

The current guideline value of V.G.P.Thirunagar-Part-I is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification for V.G.P.Thirunagar-Part-I?

The land classification for V.G.P.Thirunagar-Part-I is Residential Class I Type - I.

What are the stamp duty and registration fees for a property in V.G.P.Thirunagar-Part-I?

For a 1,000 sq.ft plot, the total stamp duty is Rs 7,000, and the registration fee is Rs 2,000, totaling Rs 9,000 based on the current guideline value.

Which office handles the registration for V.G.P.Thirunagar-Part-I?

The Oothukkottai Sub Registrar Office handles the registration for V.G.P.Thirunagar-Part-I, located near the government hospital in Uthukottai, 602026, Chennai registration zone.