Guideline Value

Corporate

Guideline Value for VGP Jai Nagar

₹220/sq.ft.

The guideline value for Vgp Jai Nagar in Aathur village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aathur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹30 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹291 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Jai Nagar

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VGP Jai Nagar guideline value

The current guideline value of VGP Jai Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Aathur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of VGP Jai Nagar has changed

The guideline value for VGP Jai Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 291 per sq.ft, which then decreased to Rs 30 per sq.ft in 2003. Following that, the value increased significantly to Rs 100 per sq.ft in 2007, and then it rose to Rs 200 per sq.ft in 2012. However, it dropped again to Rs 134 per sq.ft in 2017, before increasing to Rs 200 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 220 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has decreased by 24%. The changes between revisions include a 233% increase from 2003 to 2007, a 100% rise from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023.

Guideline values in Aathur

Aathur village has 11 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,000 per sq.ft. The median value is Rs 220 per sq.ft, which is equal to the current guideline value for VGP Jai Nagar.

Stamp duty and registration fee for property in VGP Jai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VGP Jai Nagar?

The Sub Registrar Office that covers VGP Jai Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Aathur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. It is important for both buyers and sellers to understand how this value affects their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of VGP Jai Nagar?

The current guideline value of VGP Jai Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 291 per sq.ft in 2002 to Rs 220 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for VGP Jai Nagar?

The Redhills Sub Registrar Office covers VGP Jai Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Aathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 220 per sq.ft would incur a total stamp duty and registration fee of Rs 19,800.

What are the other streets in Aathur with guideline values?

Other streets in Aathur under the Redhills SRO include Thanthai Periyar Street, Saraswathi Nagar, Sakthi Nagar, Rajesh Nagar, Poorani Avenue Annex, and Metro Star City, with values ranging from Rs 165 to Rs 220 per sq.ft.