Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Vijayalakshmi Nagar Extn-1

₹770/sq.ft.

The guideline value for Sri Vijayalakshmi Nagar Extn-1 in Alamathi 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

Alamathi

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 ₹400 /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 Vijayalakshmi Nagar Extn-1

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Vijayalakshmi Nagar Extn-1 guideline value

The current guideline value for Sri Vijayalakshmi Nagar Extn-1, located in Alamathi village under the Redhills SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Vijayalakshmi Nagar Extn-1 has changed

The guideline value for Sri Vijayalakshmi Nagar Extn-1 has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a 75% rise. However, it then decreased to Rs 469 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 700 per sq.ft in 2023, followed by another increase to Rs 770 per sq.ft in 2024, representing a 10% change.

Overall, from 2007 to 2024, the guideline value has increased by 93%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Alamathi

In Alamathi, there are 54 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Sri Vijayalakshmi Nagar Extn-1 is above this median.

Stamp duty and registration fee for property in Sri Vijayalakshmi Nagar Extn-1

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 cost for these 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.

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

Which Sub Registrar Office covers Sri Vijayalakshmi Nagar Extn-1?

The Sub Registrar Office that covers Sri Vijayalakshmi Nagar Extn-1 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Alamathi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value for Sri Vijayalakshmi Nagar Extn-1?

The current guideline value for Sri Vijayalakshmi Nagar Extn-1 is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, representing an overall increase of 93% over the years.

What is the land classification for Sri Vijayalakshmi Nagar Extn-1?

Sri Vijayalakshmi Nagar Extn-1 is classified as Residential Class I Type - I land.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office for Sri Vijayalakshmi Nagar Extn-1 is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.