Guideline Value for VGP RAJESHNAGAR 2ND STREET

Vgp Rajeshnagar 2nd Street guideline value

The current guideline value of Vgp Rajeshnagar 2nd 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 Rajeshnagar 2nd Street has changed

The guideline value for Vgp Rajeshnagar 2nd Street has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which set the value at Rs 2,500 per sq.ft. This was later revised to Rs 2,750 per sq.ft in 2024, marking a change of +10% from the 2012 figure.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only revisions available are from 2012 and 2024.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. Vgp Rajeshnagar 2nd Street's 2024 figure of Rs 2,750 per sq.ft is above this median.

• Vgp Rajesh Nagar 2nd Main Road: Rs 2,750 per sq.ft (2024)
• Vgp Rajesh Nagar 3rd Main Road: Rs 2,750 per sq.ft (2024)
• Vgp Rajesh Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• V.G.P.Rajesh Nagar 3rd Street: Rs 3,850 per sq.ft (2024)
• V.G.P.Rajesh Nagar 1st Main Road: Rs 3,850 per sq.ft (2024)
• V.G.P. Rajesh Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Vgp Rajeshnagar 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vgp Rajeshnagar 2nd Street?

The Vgp Rajeshnagar 2nd 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 during the registration process of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vgp Rajeshnagar 2nd Street?

The current guideline value of Vgp Rajeshnagar 2nd 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 for Vgp Rajeshnagar 2nd Street was Rs 2,500 per sq.ft in 2012 and increased to Rs 2,750 per sq.ft in 2024, representing a +10% change.

Are there any years with no recorded figures for this street?

Yes, the register has no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for Vgp Rajeshnagar 2nd Street.

What is the stamp duty rate applicable for property transactions?

The stamp duty rate applicable for property transactions in Vgp Rajeshnagar 2nd Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vgp Rajeshnagar 2nd Street?

The Sub Registrar Office covering Vgp Rajeshnagar 2nd Street is the Chennai South Joint I SRO, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.