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Guideline Value

Corporate

Guideline Value for VGN SOUTHERN COLONY (KR)

₹1980/sq.ft.

The guideline value for Vgn Southern Colony (kr) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Vgn Southern Colony (kr)

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Vgn Southern Colony (Kr) guideline value

The current guideline value for Vgn Southern Colony (Kr) in Ninna Karai village is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Vgn Southern Colony (Kr) has changed

The guideline value for Vgn Southern Colony (Kr) has seen several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017. The value then rose significantly to Rs 1,800 per sq.ft in 2023, before reaching the current rate of Rs 1,980 per sq.ft in 2024.

From 2012 to 2017, there was a decline of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Vgn Southern Colony (Kr) is above this median.

Stamp duty and registration fee for property in Vgn Southern Colony (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vgn Southern Colony (Kr)?

The Chengleput Joint II Sub Registrar Office covers Vgn Southern Colony (Kr). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ninna Karai. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property, providing a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Vgn Southern Colony (Kr)?

The current guideline value of Vgn Southern Colony (Kr) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the other streets in Ninna Karai with their guideline values?

Other streets in Ninna Karai include Vethanayagam Street(Ward -8) at Rs 1,760 per sq.ft, Venkateswaran Nagar (Per), Vignesh Nagar (N), Venkatesapuram Colony (Kr), and Vijayanaidu Street (Ward -17) all at Rs 660 per sq.ft, and Villier Colony (Ward -2) at Rs 440 per sq.ft.

What fees are associated with buying property in Vgn Southern Colony (Kr)?

When buying property in Vgn Southern Colony (Kr), you will need to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vgn Southern Colony (Kr)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.