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Guideline Value

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Guideline Value for VGN MAHALAKSHMI NAGAR PHASE - XII

₹7920/sq.ft.

The guideline value for Vgn Mahalakshmi Nagar Phase - Xii in Perumalagaram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 7920 per sq.ft, effective 1 July 2024. It was Rs 7200 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

Perumalagaram

Village

Chennai South Joint II

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹7920 /sq.ft.
From 1-4-2023 ₹7200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4800 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Mahalakshmi Nagar Phase - Xii

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Vgn Mahalakshmi Nagar Phase - XII guideline value

The current guideline value of Vgn Mahalakshmi Nagar Phase - XII is Rs 7,920 per sq.ft, effective from 1 July 2024. This property is located in Perumalagaram village under the Chennai South Joint II SRO, classified as Mixed Type - II land.

How the guideline value of Vgn Mahalakshmi Nagar Phase - XII has changed

The guideline value for Vgn Mahalakshmi Nagar Phase - XII has undergone several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 4,800 per sq.ft. This figure increased to Rs 7,200 per sq.ft in 2023, marking a 50% rise. The latest revision in 2024 sees the guideline value at Rs 7,920 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 825 to Rs 7,920 per sq.ft. The median guideline value for these streets is Rs 3,190 per sq.ft, placing Vgn Mahalakshmi Nagar Phase - XII above this median.

Stamp duty and registration fee for property in Vgn Mahalakshmi Nagar Phase - XII

For a 1,000 sq.ft plot at the current guideline value of Rs 7,920 per sq.ft, the total guideline value amounts to Rs 79,20,000. The stamp duty at 7% would be Rs 5,54,400, and the registration fee at 2% would be Rs 1,58,400, bringing the total fees to Rs 7,12,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Vgn Mahalakshmi Nagar Phase - XII?

The Vgn Mahalakshmi Nagar Phase - XII falls under the Chennai South Joint II 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 Perumalagaram

The guideline value is a crucial factor in the registration process when buying or selling property in Perumalagaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Vgn Mahalakshmi Nagar Phase - XII?

The current guideline value of Vgn Mahalakshmi Nagar Phase - XII is Rs 7,920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,800 per sq.ft in 2017 to Rs 7,200 per sq.ft in 2023, and currently to Rs 7,920 per sq.ft in 2024. This represents an overall increase of 65% from 2017 to 2024.

What is the median guideline value in Perumalagaram?

The median guideline value for streets in Perumalagaram is Rs 3,190 per sq.ft. Vgn Mahalakshmi Nagar Phase - XII is above this median value.

What are the stamp duty and registration fees for property in Vgn Mahalakshmi Nagar Phase - XII?

For a 1,000 sq.ft plot, the total guideline value is Rs 79,20,000. The stamp duty at 7% amounts to Rs 5,54,400, and the registration fee at 2% is Rs 1,58,400, totaling Rs 7,12,800.

Which Sub Registrar Office covers Vgn Mahalakshmi Nagar Phase - XII?

The Chennai South Joint II Sub Registrar Office covers Vgn Mahalakshmi Nagar Phase - XII, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.