Guideline Value

Corporate

Guideline Value for Sri Vigneswara Nagar

₹770/sq.ft.

The guideline value for Sri Vigneswara Nagar in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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 Sri Vigneswara Nagar

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Sri Vigneswara Nagar guideline value

The current guideline value of Sri Vigneswara Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Vigneswara Nagar has changed

Over the years, the guideline value of Sri Vigneswara Nagar has seen various revisions. The 2024 revision sets the value at Rs 770 per sq.ft, an increase from Rs 700 per sq.ft in 2023. This reflects a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft, marking a significant increase of +49% from the previous 2023 figure. The 2012 revision had a value of Rs 700 per sq.ft, which indicates a decrease of -33% from 2017. The 2007 revision set the value at Rs 500 per sq.ft, showing an increase of +40% from 2012. The overall change from 2007 to 2024 is +54%.

The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, placing Sri Vigneswara Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Vigneswara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vigneswara Nagar?

Sri Vigneswara Nagar falls under the Redhills Sub Registrar Office located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Vilangadupakkam. It is the benchmark used for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value will be checked against the sale price. The higher of the two will be used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Vigneswara Nagar?

The current guideline value of Sri Vigneswara Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, marking an overall increase of +54%.

What is the registration office for Sri Vigneswara Nagar?

Sri Vigneswara Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Sri Vigneswara Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 7,70,000 would incur a stamp duty of Rs 53,900 at 7%.

What are the guideline values of other streets in Vilangadupakkam?

Other streets in Vilangadupakkam have varying guideline values, with figures ranging from Rs 365 to Rs 1,792 per sq.ft. Sri Vigneswara Nagar's value is above the median of Rs 440 per sq.ft.