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Guideline Value

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Guideline Value for V.S. Mani Ring Road Co-Operative Housing Sector

₹2200/sq.ft.

The guideline value for V.s. Mani Ring Road Co-operative Housing Sector in Vilakkupattu village (Redhills SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilakkupattu

Village

Redhills

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹181 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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.s. Mani Ring Road Co-operative Housing Sector

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V.S. Mani Ring Road Co-Operative Housing Sector guideline value

The current guideline value of V.S. Mani Ring Road Co-Operative Housing Sector is Rs 2,200 per sq.ft, effective from 1 July 2024. This sector is located in Vilakkupattu village, under the Redhills SRO, and is classified as Mixed Type - I land.

How the guideline value of V.S. Mani Ring Road Co-Operative Housing Sector has changed

Over the years, the guideline value of V.S. Mani Ring Road Co-Operative Housing Sector has seen significant changes. In 2003, the guideline value was Rs 181 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a substantial rise of 231%. The value then jumped to Rs 2,000 per sq.ft in 2012, reflecting a 233% increase. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The value rebounded to Rs 2,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 2,200 per sq.ft, a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2003 to 2024, the guideline value has risen by 1115%. The register does not have a figure for the year 2002 for this street.

Guideline values in Vilakkupattu

In Vilakkupattu, five streets under the Redhills SRO have a 2024 guideline value ranging from Rs 1,650 to Rs 2,200 per sq.ft, with the median value being Rs 2,200 per sq.ft. The guideline value of V.S. Mani Ring Road Co-Operative Housing Sector is equal to this median.

Stamp duty and registration fee for property in V.S. Mani Ring Road Co-Operative Housing Sector

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000. 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 details.

Which Sub Registrar Office covers V.S. Mani Ring Road Co-Operative Housing Sector?

The V.S. Mani Ring Road Co-Operative Housing Sector is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vilakkupattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of V.S. Mani Ring Road Co-Operative Housing Sector?

The current guideline value of V.S. Mani Ring Road Co-Operative Housing Sector is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 181 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1115% over this period.

What is the registration office for V.S. Mani Ring Road Co-Operative Housing Sector?

The registration office for V.S. Mani Ring Road Co-Operative Housing Sector is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2%. For example, on a 1,000 sq.ft plot, the total charges would amount to Rs 1,98,000.

How do I find the guideline value for other streets in Vilakkupattu?

The guideline values for other streets in Vilakkupattu can be found by checking the respective links for each street, which provide the current rates per sq.ft for 2024.