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Guideline Value

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Guideline Value for VGP RAJESH NAGAR 7TH CROSS STREET

₹2750/sq.ft.

The guideline value for Vgp Rajesh Nagar 7th Cross 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 ₹1675 /sq.ft.
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 7th Cross Street

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Vgp Rajesh Nagar 7th Cross Street guideline value

The current guideline value of Vgp Rajesh Nagar 7th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Special Type - I.

How the guideline value of Vgp Rajesh Nagar 7th Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure was then reduced to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, representing a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 area is Rs 1,650 per sq.ft, and Vgp Rajesh Nagar 7th Cross Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Vgp Rajesh Nagar 7th Cross 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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. 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 Rajesh Nagar 7th Cross Street?

The Vgp Rajesh Nagar 7th Cross Street falls under 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 plays a crucial role in property transactions in Pallikaranai. It is the minimum value set by the government for the registration of properties, ensuring that properties are registered at a fair value. This value is used to calculate the stamp duty and registration fees that need to be paid during the property transaction process.

When buying or selling a property, it is essential to be aware of the guideline value as it directly influences the financial aspects of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Vgp Rajesh Nagar 7th Cross Street?

The current guideline value of Vgp Rajesh Nagar 7th Cross 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 seen several changes: from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then rising to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Vgp Rajesh Nagar 7th Cross Street?

Vgp Rajesh Nagar 7th Cross Street is classified as Residential Special Type - I.

What other streets have the same guideline value in Pallikaranai?

Other streets in Pallikaranai with the same guideline value of Rs 2,750 per sq.ft for 2024 include Vgp Rajesh Nagar 6th Street, Vgp Rajesh Nagar 5th Street, Vgp Rajesh Nagar 5th Main Road, Vgp Rajesh Nagar 4th Street, and Vgp Rajesh Nagar 4th Main Road.

Where can I find the Sub Registrar Office for Vgp Rajesh Nagar 7th Cross Street?

The Sub Registrar Office for Vgp Rajesh Nagar 7th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.