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Guideline Value

Corporate

Guideline Value for VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road

₹13200/sq.ft.

The guideline value for Vgp Baby Nagar 20feet Service Road Facing 100fttaramani Link 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 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /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)

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 20feet Service Road Facing 100fttaramani Link Road

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VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road guideline value

The current guideline value for VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This property 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 20feet Service Road facing 100ftTaramani Link Road has changed

The guideline value for this street has undergone several revisions. In 2012, the guideline value was Rs 12,000 per sq.ft. This decreased to Rs 8,040 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the 2024 revision, rising to Rs 13,200 per sq.ft, which represents a 64% increase from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

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 guideline value in the area is Rs 4,400 per sq.ft, placing VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road above this median.

Stamp duty and registration fee for property in VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road

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

Which Sub Registrar Office covers VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road?

The Sub Registrar Office that covers VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road 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 when registering property in Velachery. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official assessment of the property’s worth, preventing undervaluation in transactions.

Frequently asked questions

What is the current guideline value for VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road?

The current guideline value for VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, and then increased to Rs 13,200 per sq.ft in 2024. This represents a 10% overall increase from 2012 to 2024.

What is the land classification for this area?

The land classification for VGP Baby Nagar 20feet Service Road facing 100ftTaramani Link Road is Commercial Class I Type - I.

What are the stamp duty rates applicable?

The stamp duty rate applicable for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

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