Guideline Value for VILLAGE HIGH ROAD

Village High Road guideline value

The current guideline value of Village High Road in Uthandi village, under the Neelankarai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Village High Road has changed

The guideline value of Village High Road has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 85 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2007, marking a 253% rise. By 2012, the value reached Rs 1,000 per sq.ft, a substantial increase of 233%. However, in 2017, it dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The guideline value then rose to Rs 1,000 per sq.ft in 2023, before reaching the current figure of Rs 1,100 per sq.ft in 2024, which is a 10% increase.

In total, from 2003 to 2024, the guideline value has increased by 1194%. It is important to note that the register has no figure for Village High Road in 2002.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Village High Road's 2024 figure below this median.

• Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• Vijayalakshmi Garden: Rs 1,100 per sq.ft (2024)
• V.G.P.Part III: Rs 5,500 per sq.ft (2024)
• V.G.P.Part II: Rs 5,500 per sq.ft (2024)
• V.G.P.Part I: Rs 5,500 per sq.ft (2024)
• V.G.P.Layout Part II Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Village High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Village High Road?

The Sub Registrar Office that covers Village High Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Uthandi. It is used to determine the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value serves as a baseline for calculating the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during registration.

Frequently asked questions

What is the current guideline value of Village High Road?

The current guideline value of Village High Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 85 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1194% over the years.

What is the land classification for Village High Road?

Village High Road is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Uthandi?

Stamp duty for properties in Uthandi is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 99,000.