Guideline Value

Corporate

Guideline Value for VETNARY HOSPITAL ROAD

₹9350/sq.ft.

The guideline value for Vetnary Hospital Road in Government Farm village (Chennai South Joint I SRO, Chennai zone) is Rs 9350 per sq.ft, effective 1 July 2024. It was Rs 8500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Government Farm

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹9350 /sq.ft.
From 1-4-2023 ₹8500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5695 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1390 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1231 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Vetnary Hospital Road

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Vetnary Hospital Road guideline value

The current guideline value of Vetnary Hospital Road is Rs 9,350 per sq.ft, effective from 1 July 2024. This road is located in Government farm village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vetnary Hospital Road has changed

The guideline value for Vetnary Hospital Road has seen several revisions over the years. In 2002, the guideline value was Rs 1,231 per sq.ft, which increased to Rs 1,390 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,500 per sq.ft in 2007, and then to Rs 8,500 per sq.ft in 2012. However, it decreased to Rs 5,695 per sq.ft in 2017. The value then rose sharply to Rs 8,500 per sq.ft in 2023, before reaching the current figure of Rs 9,350 per sq.ft in 2024.

Between the revisions, the most notable changes include a 240% increase from 2007 to 2012, followed by a 49% increase from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 660%.

Guideline values in Government farm

In Government farm village, there are 35 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, ranging from Rs 3,850 to Rs 15,400 per sq.ft. The median value for these streets is Rs 8,250 per sq.ft, placing Vetnary Hospital Road's 2024 figure above this median.

Stamp duty and registration fee for property in Vetnary Hospital Road

For a 1,000 sq.ft plot at the current rate of Rs 9,350 per sq.ft, the guideline value would be Rs 93,50,000. The stamp duty at 7% would amount to Rs 6,54,500, and the registration fee at 2% would be Rs 1,87,000, totaling Rs 8,41,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vetnary Hospital Road?

The Sub Registrar Office that covers Vetnary Hospital Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Government farm. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher of the guideline value or the sale price is taken into account for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Vetnary Hospital Road?

The current guideline value of Vetnary Hospital Road is Rs 9,350 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 1,231 per sq.ft in 2002 to Rs 9,350 per sq.ft in 2024, reflecting an overall increase of 660% over this period.

What is the land classification for Vetnary Hospital Road?

The land classification for Vetnary Hospital Road is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Vetnary Hospital Road?

The Sub Registrar Office for Vetnary Hospital Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Vetnary Hospital Road?

Stamp duty for properties in Vetnary Hospital Road is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 93,50,000, the stamp duty would be Rs 6,54,500 at 7%.