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Guideline Value

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Guideline Value for VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street

₹4400/sq.ft.

The guideline value for Vgp Baby Nagar Pattukottai Muthu Kumaraswamy 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 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 Pattukottai Muthu Kumaraswamy Street

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VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street guideline value

The current guideline value for VGP Baby Nagar Pattukottai Muthu Kumaraswamy 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 Pattukottai Muthu Kumaraswamy Street has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure remained the same in the 2012 and 2023 revisions. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft. Subsequently, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent 2024 revision set the value at Rs 4,400 per sq.ft. The change from 2023 to 2024 represents a 10% increase, while the change from 2017 to 2023 reflects a 49% increase. Overall, from 2012 to 2024, the guideline value increased by 10%.

The revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current figure for VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street.

Stamp duty and registration fee for property in VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street

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, making the total fees together Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street?

The Sub Registrar Office that covers VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street 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 an essential metric used during the registration of property transactions in Velachery. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are aligned with the official valuation set by the government.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in the property transaction process.

Frequently asked questions

What is the current guideline value for VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street?

The current guideline value for VGP Baby Nagar Pattukottai Muthu Kumaraswamy 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 seen several changes, with the most recent increase of 10% from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. The value has increased overall by 10% from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024.

What is the land classification for this street?

VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street is classified as Residential Class II Type - II.

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

The Sub Registrar Office for VGP Baby Nagar Pattukottai Muthu Kumaraswamy Street is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for property transactions?

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