Guideline Value for V.R.R.Colony

V.R.R.Colony guideline value

The current guideline value of V.R.R.Colony is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Egmore village under the Periamet SRO and is classified as Residential Class III Type - I.

How the guideline value of V.R.R.Colony has changed

The guideline value register has no figures for V.R.R.Colony for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 3,900 per sq.ft.

As there have been no changes between the revisions listed, the current value stands as the sole reference for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of V.R.R.Colony is below this median.

• Water Works Avenue: Rs 8,300 per sq.ft (2024)
• Whannels salai: Rs 18,100 per sq.ft (2024)
• Vivekandan road: Rs 4,900 per sq.ft (2024)
• Vilayattu thidal street: Rs 7,100 per sq.ft (2024)
• Victoria Cresent Road(a)Dr.Cherian Road: Rs 15,000 per sq.ft (2024)
• Venugopal Pillai street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in V.R.R.Colony

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers V.R.R.Colony?

The Sub Registrar Office that covers V.R.R.Colony is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Egmore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions adhere to the legal requirements set by the state.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings, as the guideline value reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of V.R.R.Colony?

The current guideline value of V.R.R.Colony is Rs 3,900 per sq.ft, effective from 1 July 2024.

What land classification does V.R.R.Colony fall under?

V.R.R.Colony is classified as Residential Class III Type - I.

How many streets are there in Egmore under the Periamet SRO?

There are 465 streets in Egmore under the Periamet SRO that carry a 2024 guideline value.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft.

Where is the Sub Registrar Office for V.R.R.Colony located?

The Sub Registrar Office for V.R.R.Colony is located at 1103, Poonamallee High Road, Chennai-600 003.