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Guideline Value

Corporate

Guideline Value for Sri Vijayalakshmi Nagar

₹880/sq.ft.

The guideline value for Sri Vijayalakshmi Nagar in Kolumanivakkam village (Kunrathur SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolumanivakkam

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Sri Vijayalakshmi Nagar

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Sri Vijayalakshmi Nagar guideline value

The current guideline value of Sri Vijayalakshmi Nagar, located in Kolumanivakkam village under the Kunrathur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - III land classification.

How the guideline value of Sri Vijayalakshmi Nagar has changed

Over the years, the guideline value of Sri Vijayalakshmi Nagar has seen several revisions. Starting from the 2007 revision, the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The 2023 revision set the value at Rs 800 per sq.ft, and the most recent revision in 2024 has raised it to Rs 880 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 300% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The latest increase from 2023 to 2024 is 10%. Overall, from the 2007 revision to the 2024 revision, there has been a total increase of 340%.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft, with a median value of Rs 1,350 per sq.ft. The guideline value for Sri Vijayalakshmi Nagar is below this median.

Stamp duty and registration fee for property in Sri Vijayalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, together totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vijayalakshmi Nagar?

The Sub Registrar Office that covers Sri Vijayalakshmi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

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

When a buyer and seller agree on a sale price, the registration office will assess the guideline value to ensure that the appropriate taxes are applied. This means that if the sale price is lower than the guideline value, the duty will be charged based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Sri Vijayalakshmi Nagar?

The current guideline value of Sri Vijayalakshmi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. The overall increase from 2007 to 2024 is 340%.

What is the land classification of Sri Vijayalakshmi Nagar?

Sri Vijayalakshmi Nagar is classified as Residential Special Type - III according to the land classification in the area.

What are the stamp duty and registration fees for property in Sri Vijayalakshmi Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty is Rs 61,600 at 7%, and the registration fee is Rs 17,600 at 2%, totaling Rs 79,200.

Which office registers properties in Sri Vijayalakshmi Nagar?

The Kunrathur Sub Registrar Office is responsible for registering properties in Sri Vijayalakshmi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.