Guideline Value

Corporate

Guideline Value for V.G.V. Nagar Extension II

₹1210/sq.ft.

The guideline value for V.g.v. Nagar Extension Ii in Kannampalayam village (Kunrathur SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1102 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kannampalayam

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1102 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹738 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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.v. Nagar Extension Ii

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V.G.V. Nagar Extension II guideline value

The current guideline value of V.G.V. Nagar Extension II is Rs 1,210 per sq.ft, effective from 1 July 2024. This property is located in Kannampalayam village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of V.G.V. Nagar Extension II has changed

The guideline value for V.G.V. Nagar Extension II has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which decreased to Rs 738 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,102 per sq.ft. The most recent revision in 2024 has further increased the guideline value by 10% to Rs 1,210 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value of V.G.V. Nagar Extension II is below this median.

Stamp duty and registration fee for property in V.G.V. Nagar Extension II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.G.V. Nagar Extension II?

The V.G.V. Nagar Extension II is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kannampalayam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of V.G.V. Nagar Extension II?

The current guideline value of V.G.V. Nagar Extension II is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 738 per sq.ft in 2017, then increased to Rs 1,102 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What are the other streets in Kannampalayam with their guideline values?

Other streets in Kannampalayam include V.G.V. Nagar Extension, V.G.V. Nagar, V.G.N. Nagar, Vallalar Nagar, Unnamalai Amman Nagar, and Sri Padmavathi Nagar, with values ranging from Rs 765 to Rs 1,210 per sq.ft in 2024.

What is the stamp duty for property in V.G.V. Nagar Extension II?

The stamp duty for property in V.G.V. Nagar Extension II is 7% of the guideline value. For a plot of 1,000 sq.ft, the stamp duty would be Rs 84,700.

Which office handles property registration for V.G.V. Nagar Extension II?

The Kunrathur Sub Registrar Office handles property registration for V.G.V. Nagar Extension II, located at No.59, Road Street, Kundrathur, Chennai -600 069.