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Guideline Value

Corporate

Guideline Value for VGP RAJESH NAGAR 5TH MAIN ROAD

₹2750/sq.ft.

The guideline value for Vgp Rajesh Nagar 5th Main Road in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Rajesh Nagar 5th Main Road

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Vgp Rajesh Nagar 5th Main Road guideline value

The current guideline value of Vgp Rajesh Nagar 5th Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vgp Rajesh Nagar 5th Main Road has changed

The guideline value for Vgp Rajesh Nagar 5th Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 2,500 per sq.ft. The 2012 revision also recorded a value of Rs 2,500 per sq.ft, indicating no change from 2012 to 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. This gradual increase reflects the adjustments made in the guideline values over the years, culminating in the current rate.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this village is Rs 1,650 per sq.ft, positioning Vgp Rajesh Nagar 5th Main Road above this median value.

Stamp duty and registration fee for property in Vgp Rajesh Nagar 5th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total charges Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vgp Rajesh Nagar 5th Main Road?

The Vgp Rajesh Nagar 5th Main Road is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vgp Rajesh Nagar 5th Main Road?

The current guideline value of Vgp Rajesh Nagar 5th Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, and then increased to Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification for Vgp Rajesh Nagar 5th Main Road?

The land classification for Vgp Rajesh Nagar 5th Main Road is Residential Special Type - I.

What are the other streets in Pallikaranai with the same guideline value?

Other streets in Pallikaranai with the same guideline value of Rs 2,750 per sq.ft include Vgp Rajesh Nagar 4th Street, Vgp Rajesh Nagar 5th Street, Vgp Rajesh Nagar 4th Main Road, Vgp Rajesh Nagar 6th Street, and Vgp Rajesh Nagar 7th Cross Street.

How is stamp duty calculated for properties in Vgp Rajesh Nagar 5th Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,750 per sq.ft, the stamp duty would be Rs 1,92,500.