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Guideline Value

Corporate

Guideline Value for VGP RAJESH NAGAR 6TH STREET

₹2750/sq.ft.

The guideline value for Vgp Rajesh Nagar 6th Street 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 6th Street

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Vgp Rajesh Nagar 6th Street guideline value

The current guideline value of Vgp Rajesh Nagar 6th Street 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 6th Street has changed

The guideline value for Vgp Rajesh Nagar 6th Street has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 2,500 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, marking a 10% rise from the previous year. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 10%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street, indicating that the guideline value remained unrecorded during those years.

Guideline values in Pallikaranai

In Pallikaranai, there are 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 for the area is Rs 1,650 per sq.ft, placing Vgp Rajesh Nagar 6th Street above this median value.

Stamp duty and registration fee for property in Vgp Rajesh Nagar 6th Street

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, bringing the total cost together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vgp Rajesh Nagar 6th Street?

The Vgp Rajesh Nagar 6th Street 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 details.

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

The guideline value is a crucial factor during property registration in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vgp Rajesh Nagar 6th Street?

The current guideline value of Vgp Rajesh Nagar 6th Street 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. There were no recorded figures for the years 2002, 2003, 2007, and 2017 for this street.

What is the land classification for Vgp Rajesh Nagar 6th Street?

The land classification for Vgp Rajesh Nagar 6th Street is Residential Special Type - I. This classification indicates the type of development permitted in the area.

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

Several other streets in Pallikaranai have the same guideline value of Rs 2,750 per sq.ft for 2024. These include Vgp Rajesh Nagar 5th Street, Vgp Rajesh Nagar 7th Cross Street, Vgp Rajesh Nagar 5th Main Road, and Vgp Rajesh Nagar 4th Street, among others.

How is the stamp duty calculated for properties in Vgp Rajesh Nagar 6th Street?

The stamp duty for properties in Vgp Rajesh Nagar 6th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.