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Guideline Value

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Guideline Value for VGN MAHALAKSHMI NAGAR PHASE XIV

₹7920/sq.ft.

The guideline value for Vgn Mahalakshmi Nagar Phase Xiv 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 N/A
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 Xiv

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Vgn Mahalakshmi Nagar Phase Xiv guideline value

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

How the guideline value of Vgn Mahalakshmi Nagar Phase Xiv has changed

The guideline value for Vgn Mahalakshmi Nagar Phase Xiv has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 7,920 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 7,200 per sq.ft. Prior to these revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 7,200 per sq.ft in 2023 to Rs 7,920 per sq.ft in 2024. This reflects a significant adjustment in the valuation of properties in this area.

Guideline values in Perumalagaram

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

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

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, totaling Rs 7,12,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vgn Mahalakshmi Nagar Phase Xiv?

The Vgn Mahalakshmi Nagar Phase Xiv 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perumalagaram. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct amount based on the property's value as recognized in the official register.

Frequently asked questions

What is the current guideline value for Vgn Mahalakshmi Nagar Phase Xiv?

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

How much has the guideline value changed recently?

The guideline value increased from Rs 7,200 per sq.ft in 2023 to Rs 7,920 per sq.ft in 2024, marking a 10% increase.

What is the classification of land in Vgn Mahalakshmi Nagar Phase Xiv?

The land classification for Vgn Mahalakshmi Nagar Phase Xiv is Mixed Type - II.

Where can I find the registration office for Vgn Mahalakshmi Nagar Phase Xiv?

The registration office for Vgn Mahalakshmi Nagar Phase Xiv is 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.

How is the stamp duty calculated for properties in Vgn Mahalakshmi Nagar Phase Xiv?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 79,20,000, the stamp duty at 7% would be Rs 5,54,400.