Guideline Value

Corporate

Guideline Value for VGN Mahalakshmi Nagr Ext VII

₹3100/sq.ft.

The guideline value for Vgn Mahalakshmi Nagr Ext Vii in 44.ayanambakkam village (Konnur SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2900 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

44.ayanambakkam

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1943 /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)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Nagr Ext Vii

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VGN Mahalakshmi Nagr Ext VII guideline value

The current guideline value of VGN Mahalakshmi Nagr Ext VII is Rs 3,100 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village under the Konnur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of VGN Mahalakshmi Nagr Ext VII has changed

The guideline value for VGN Mahalakshmi Nagr Ext VII has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,943 per sq.ft, which increased to Rs 2,900 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised the value to Rs 3,100 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing VGN Mahalakshmi Nagr Ext VII above this median value.

Stamp duty and registration fee for property in VGN Mahalakshmi Nagr Ext VII

For a 1,000 sq.ft plot at the current rate of Rs 3,100 per sq.ft, the guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, totaling Rs 2,79,000. 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 details.

Which Sub Registrar Office covers VGN Mahalakshmi Nagr Ext VII?

The VGN Mahalakshmi Nagr Ext VII is covered by the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during the registration process of property transactions in 44.Ayanambakkam. It determines the base value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of VGN Mahalakshmi Nagr Ext VII?

The current guideline value of VGN Mahalakshmi Nagr Ext VII is Rs 3,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,943 per sq.ft to Rs 3,100 per sq.ft in 2024, marking a total increase of 60% over this period.

What are the other streets in 44.Ayanambakkam with their guideline values?

Other streets in 44.Ayanambakkam include VGN Mahalakshmi Nagr Ext VIII and VGN Mahalakshmi Nagar Extn. (V), both at Rs 3,100 per sq.ft, as well as V.G.N Mahalakshmi Nagar Phase-Xiv at Rs 5,000 per sq.ft.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in VGN Mahalakshmi Nagr Ext VII?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000.