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Guideline Value

Corporate

Guideline Value for VGP Baby Nagar Service Road / Salai

₹4400/sq.ft.

The guideline value for Vgp Baby Nagar Service Road / Salai 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 Service Road / Salai

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VGP Baby Nagar Service Road / Salai guideline value

The current guideline value of VGP Baby Nagar Service Road / Salai is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of VGP Baby Nagar Service Road / Salai has changed

Over the years, the guideline value for VGP Baby Nagar Service Road / Salai has seen several revisions. The 2012 revision recorded a value of Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in the 2017 revision. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 4,000 per sq.ft, and subsequently rose to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase.

The register has no figure for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current value of VGP Baby Nagar Service Road / Salai.

Stamp duty and registration fee for property in VGP Baby Nagar Service Road / Salai

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 be Rs 3,08,000, and the registration fee at 2% would amount to Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VGP Baby Nagar Service Road / Salai?

The VGP Baby Nagar Service Road / Salai is covered by 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 factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that the transaction is recorded accurately.

When you buy or sell property, the guideline value influences the stamp duty and registration fees payable at the time of registration. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of VGP Baby Nagar Service Road / Salai?

The current guideline value of VGP Baby Nagar Service Road / Salai 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 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification of VGP Baby Nagar Service Road / Salai?

VGP Baby Nagar Service Road / Salai falls under the Residential Class II Type - II land classification.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000 for these fees.

Which office handles the registration for VGP Baby Nagar Service Road / Salai?

The Velacheri Sub Registrar Office handles the registration for VGP Baby Nagar Service Road / Salai, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.