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Guideline Value

Corporate

Guideline Value for VGP Baby Nagar 1st Main Road

₹4400/sq.ft.

The guideline value for Vgp Baby Nagar 1st Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 1st Main Road

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VGP Baby Nagar 1st Main Road guideline value

The current guideline value of VGP Baby Nagar 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of VGP Baby Nagar 1st Main Road has changed

The guideline value for VGP Baby Nagar 1st Main Road has seen several revisions over the years. The earliest recorded figure in the register is from 2007, which was Rs 2,000 per sq.ft. This increased to Rs 2,680 per sq.ft in the 2017 revision, marking a change of +34%. The most recent revision in 2024 shows a significant increase to Rs 4,400 per sq.ft, which is a +64% change from 2017. Overall, from 2007 to 2024, the guideline value has increased by +120%.

It is important to note that there are no figures available for the years 2002, 2003, 2012, and 2023 for this street in the register.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, which ranges from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, making the 2024 figure for VGP Baby Nagar 1st Main Road equal to this median.

Stamp duty and registration fee for property in VGP Baby Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers VGP Baby Nagar 1st Main Road?

The VGP Baby Nagar 1st Main Road falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Velachery. It serves as the basis for calculating the stamp duty and registration fees when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable stamp duty. This process helps maintain transparency in property dealings and ensures that all transactions are conducted fairly.

Frequently asked questions

What is the current guideline value of VGP Baby Nagar 1st Main Road?

The current guideline value of VGP Baby Nagar 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +120% over the years.

What is the land classification for VGP Baby Nagar 1st Main Road?

VGP Baby Nagar 1st Main Road is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for VGP Baby Nagar 1st Main Road?

The Velacheri Sub Registrar Office covers VGP Baby Nagar 1st Main Road and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in VGP Baby Nagar 1st Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.