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Guideline Value

Corporate

Guideline Value for VARDHAMAN NAGAR EXTENSION

₹440/sq.ft.

The guideline value for Vardhaman Nagar Extension in Vijayanallur 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

Vijayanallur

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 N/A
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 Vardhaman Nagar Extension

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Vardhaman Nagar Extension guideline value

The current guideline value for Vardhaman Nagar Extension is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vijayanallur village and falls under the Redhills SRO. The land classification is Residential Class III Type - I.

How the guideline value of Vardhaman Nagar Extension has changed

The guideline value for Vardhaman Nagar Extension has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. The value then increased significantly to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft following the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Vijayanallur

In Vijayanallur, there are 19 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 540 per sq.ft. The guideline value for Vardhaman Nagar Extension is below this median.

Stamp duty and registration fee for property in Vardhaman Nagar Extension

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, and the registration fee at 2% would be Rs 8,800, leading to a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vardhaman Nagar Extension?

The Sub Registrar Office that covers Vardhaman Nagar Extension is the Redhills Sub Registrar Office. The address is 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 Vijayanallur

The guideline value plays a crucial role in the registration process when buying or selling property in Vijayanallur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Vardhaman Nagar Extension?

The current guideline value of Vardhaman Nagar Extension 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 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the other streets in Vijayanallur with their guideline values?

Other streets in Vijayanallur include Varthaman Nagar and Vijaya Garden at Rs 440 per sq.ft, and Vivekananadar Nagar Annex-1, Tata Nagar Extn., and Tata Nagar at Rs 550 per sq.ft (2024).

What are the stamp duty and registration fees for property in Vardhaman Nagar Extension?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000, leading to a stamp duty of Rs 30,800 and a registration fee of Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for Vardhaman Nagar Extension?

The Sub Registrar Office for Vardhaman Nagar Extension is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.