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Guideline Value

Corporate

Guideline Value for VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET

₹4400/sq.ft.

The guideline value for Vgp Seethapathy Nagar South 2nd Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Seethapathy Nagar South 2nd Cross Street

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VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET guideline value

The current guideline value of VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET has changed

The guideline value for VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET has undergone several revisions over the years. The 2017 revision set the value at Rs 2,680 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2023 revision. The most recent revision in 2024 saw another increase to Rs 4,400 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the current value for VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET.

Stamp duty and registration fee for property in VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET?

The Sub Registrar Office that covers VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial reference point when registering property transactions in Velachery. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction complies with local regulations.

When buying or selling property, the guideline value serves as a baseline for the transaction value. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET?

The current guideline value of VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates for property transactions in this area?

The stamp duty rate for property transactions in VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET is 7%. This is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Velacheri Sub Registrar Office covers VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft. This value is consistent with the current guideline value for VGP SEETHAPATHY NAGAR SOUTH 2nd CROSS STREET.