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Guideline Value

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Guideline Value for V.V. Colony (Vyravaneeswarar Colony)

₹3850/sq.ft.

The guideline value for V.v. Colony (vyravaneeswarar Colony) in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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.v. Colony (vyravaneeswarar Colony)

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V.V. Colony (Vyravaneeswarar Colony) guideline value

The current guideline value of V.V. Colony (Vyravaneeswarar Colony) is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of V.V. Colony (Vyravaneeswarar Colony) has changed

The guideline value for V.V. Colony has undergone several revisions over the years. The earliest recorded revision was in 2002, followed by 2003, 2007, and 2017, but the register has no figure for this street in those years. In 2012, the guideline value was set at Rs 3,500 per sq.ft. The most recent revision in 2024 increased this figure to Rs 3,850 per sq.ft, marking a change of +10% from the 2012 revision.

In summary, the guideline value for V.V. Colony has increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024. The register has no figures for the revisions in 2023 and 2017, and there are no figures for the years 2003, 2002, and 2007 as well.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing V.V. Colony's 2024 figure below that median.

Stamp duty and registration fee for property in V.V. Colony (Vyravaneeswarar Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty, charged at 7%, would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, resulting in a total of Rs 3,46,500. 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.V. Colony (Vyravaneeswarar Colony)?

The Sub Registrar Office covering V.V. Colony is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more details, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that both parties in the transaction are aware of the financial obligations involved.

Frequently asked questions

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

The current guideline value of V.V. Colony (Vyravaneeswarar Colony) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, marking a +10% increase. The register has no figures for the years 2003, 2002, 2007, 2017, and 2023.

What is the land classification of V.V. Colony?

V.V. Colony (Vyravaneeswarar Colony) is classified as Residential Class II Type - III.

What are the stamp duty and registration fees for property in V.V. Colony?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,50,000, with a stamp duty of Rs 2,69,500 and a registration fee of Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office is responsible for V.V. Colony?

The Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, covers V.V. Colony (Vyravaneeswarar Colony).