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Guideline Value

Corporate

Guideline Value for VGP Baby Nagar (Facing Tharamani Road)

₹13200/sq.ft.

The guideline value for Vgp Baby Nagar (facing Tharamani Road) in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Vgp Baby Nagar (facing Tharamani Road)

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VGP Baby Nagar (Facing Tharamani Road) guideline value

The current guideline value of VGP Baby Nagar (Facing Tharamani Road) is Rs 13,200 per sq.ft, effective from 1 July 2024. This area is located in Velachery village under the Velacheri SRO and is classified as Commercial Class I Type - I.

How the guideline value of VGP Baby Nagar (Facing Tharamani Road) has changed

The guideline value for VGP Baby Nagar has seen significant changes over the years. The earliest recorded revision in 2007 set the value at Rs 2,000 per sq.ft. This figure dramatically increased to Rs 12,000 per sq.ft in the 2012 revision, marking a substantial rise of 500%. The most recent revision in 2024 further increased the value to Rs 13,200 per sq.ft, reflecting a 10% increase from the 2012 figure.

It is important to note that the register does not contain figures for the years 2002, 2003, 2017, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing VGP Baby Nagar's 2024 figure significantly above this median.

Stamp duty and registration fee for property in VGP Baby Nagar (Facing Tharamani Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total charges to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VGP Baby Nagar (Facing Tharamani Road)?

The Sub Registrar Office that covers VGP Baby Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller registers a property, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded accurately in accordance with local regulations.

Frequently asked questions

What is the current guideline value of VGP Baby Nagar (Facing Tharamani Road)?

The current guideline value of VGP Baby Nagar (Facing Tharamani Road) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 2,000 per sq.ft to Rs 13,200 per sq.ft in 2024, marking an overall increase of 560%.

What is the land classification of VGP Baby Nagar?

VGP Baby Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in VGP Baby Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 at a rate of 7%.