Guideline Value

Corporate

Guideline Value for VIDYA NAGAR

₹500/sq.ft.

The guideline value for Vidya Nagar in Naalur village (Ponneri SRO, Chennai zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naalur

Village

Ponneri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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 Vidya Nagar

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Vidya Nagar guideline value

The current guideline value of Vidya Nagar, located in Naalur village under the Ponneri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Vidya Nagar has changed

Over the years, the guideline value of Vidya Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which then changed to Rs 335 per sq.ft in 2017. Following this, the 2023 revision maintained the value at Rs 500 per sq.ft, and the latest revision in 2024 also set it at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 16%, followed by a significant increase of 49% from 2017 to 2023. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%.

Guideline values in Naalur

In Naalur, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. Vidya Nagar's 2024 figure of Rs 500 per sq.ft is above this median.

Stamp duty and registration fee for property in Vidya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vidya Nagar?

Vidya Nagar is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Naalur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the minimum value on which stamp duty is calculated. This means that even if the sale price is lower, the stamp duty will be charged based on the guideline value if it is higher.

Frequently asked questions

What is the current guideline value of Vidya Nagar?

The current guideline value of Vidya Nagar is Rs 500 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 335 per sq.ft in 2017, then to Rs 500 per sq.ft in both 2023 and 2024.

What is the land classification of Vidya Nagar?

Vidya Nagar is classified as Residential Class I Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated in Vidya Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a total stamp duty and registration fee of Rs 45,000.