Guideline Value

Corporate

Guideline Value for VGN HIGHNESS

₹7400/sq.ft.

The guideline value for Vgn Highness in Srinivasapuram village (Kunrathur SRO, Chennai zone) is Rs 7400 per sq.ft, effective 1 July 2024. It was Rs 6717 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Srinivasapuram

Village

Kunrathur

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹7400 /sq.ft.
From 1-4-2023 ₹6717 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4500 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Vgn Highness

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Vgn Highness guideline value

The current guideline value of Vgn Highness is Rs 7,400 per sq.ft, effective from 1 July 2024. This property is located in Srinivasapuram village under the Kunrathur SRO, classified as Mixed Type - II land.

How the guideline value of Vgn Highness has changed

Over the years, the guideline value of Vgn Highness has seen significant changes. The 2017 revision set the guideline value at Rs 4,500 per sq.ft, which increased to Rs 6,717 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the value increase to Rs 7,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Srinivasapuram

In Srinivasapuram, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,550 to Rs 7,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Vgn Highness above this median.

Stamp duty and registration fee for property in Vgn Highness

For a 1,000 sq.ft plot at the current guideline value of Rs 7,400 per sq.ft, the total guideline value amounts to Rs 74,00,000. The stamp duty at 7% would be Rs 5,18,000, and the registration fee at 2% would be Rs 1,48,000, bringing the total to Rs 6,66,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vgn Highness?

The Vgn Highness property falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of properties in Srinivasapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Vgn Highness?

The current guideline value of Vgn Highness is Rs 7,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2017 revision of Rs 4,500 per sq.ft to the 2024 revision of Rs 7,400 per sq.ft, the guideline value has increased by 64% overall.

What are the stamp duty and registration fees for Vgn Highness?

The stamp duty for a property valued at Rs 74,00,000 is Rs 5,18,000, and the registration fee is Rs 1,48,000, totaling Rs 6,66,000.

Which office handles property registrations for Vgn Highness?

The Kunrathur Sub Registrar Office handles property registrations for Vgn Highness, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets with different guideline values in Srinivasapuram?

Yes, there are other streets in Srinivasapuram with varying guideline values, ranging from Rs 1,550 to Rs 7,400 per sq.ft, with Vgn Highness being above the median value of Rs 1,650 per sq.ft.