Guideline Value

Corporate

Guideline Value for Veeraragava Nagar

₹440/sq.ft.

The guideline value for Veeraragava Nagar in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Veeraragava Nagar

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Veeraragava Nagar guideline value

The current guideline value of Veeraragava Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Veeraragava Nagar has changed

The guideline value for Veeraragava Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which then increased to Rs 400 per sq.ft in 2012. However, in 2017, the value dropped to Rs 268 per sq.ft before rising significantly to Rs 400 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 440 per sq.ft, marking a 10% increase from the previous year.

Looking at the overall changes, from 2007 to 2024, the guideline value has increased by 120%. The 2012 to 2017 revision saw a decrease of 33%, while the 2017 to 2023 period experienced a substantial increase of 49%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO carrying a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with the median value being Rs 440 per sq.ft. Veeraragava Nagar's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Veeraragava Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total costs together to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Veeraragava Nagar?

The Sub Registrar Office that covers Veeraragava Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vilangadupakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

During property registration, the guideline value is compared against the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are fairly assessed according to the established values.

Frequently asked questions

What is the current guideline value of Veeraragava Nagar?

The current guideline value of Veeraragava Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the stamp duty and registration fees for properties in Veeraragava Nagar?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles property registrations for Veeraragava Nagar?

The Redhills Sub Registrar Office handles property registrations for Veeraragava Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring that the correct amounts are assessed based on the current values.