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Guideline Value

Corporate

Guideline Value for VGP Baby Nagar 6th Cross Street

₹4400/sq.ft.

The guideline value for Vgp Baby Nagar 6th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. 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 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /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 6th Cross Street

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VGP Baby Nagar 6th Cross Street guideline value

The current guideline value of VGP Baby Nagar 6th Cross Street 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 6th Cross Street has changed

The guideline value for VGP Baby Nagar 6th Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,800 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 122% rise. However, in 2017, the value dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 144%. It is important to note that the register does not have figures for the years 2002 and 2003 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 for these streets is Rs 4,400 per sq.ft, which is the same as the current value for VGP Baby Nagar 6th Cross Street.

Stamp duty and registration fee for property in VGP Baby Nagar 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration fee would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VGP Baby Nagar 6th Cross Street?

The VGP Baby Nagar 6th Cross Street falls under 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 during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded accurately and transparently.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware of the guideline value to ensure they are compliant with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of VGP Baby Nagar 6th Cross Street?

The current guideline value of VGP Baby Nagar 6th Cross Street 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 changed from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 144% over the years.

What are the other streets in Velachery with similar guideline values?

Other streets in Velachery with a guideline value of Rs 4,400 per sq.ft include VGP Baby Nagar 5th Cross Street, VGP Baby Nagar 4th Cross Street, VGP Baby Nagar 3rd Cross Street, and VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street.

What is the stamp duty rate applicable for properties in VGP Baby Nagar 6th Cross Street?

The stamp duty rate applicable for properties in VGP Baby Nagar 6th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for VGP Baby Nagar 6th Cross Street?

The Sub Registrar Office covering VGP Baby Nagar 6th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.