Guideline Value

Corporate

Guideline Value for VIJAY NAGAR

₹400/sq.ft.

The guideline value for Vijay Nagar in Thachoor_2 village (Ponneri SRO, Chennai zone) is Rs 400 per sq.ft, effective 1 July 2024. It was Rs 150 per sq.ft from 1 April 2023, a 167% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thachoor_2

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹150 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Vijay Nagar

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Vijay Nagar guideline value

The current guideline value for Vijay Nagar, located in Thachoor_2 village under the Ponneri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Vijay Nagar has changed

In the 2023 revision, the guideline value for Vijay Nagar was Rs 150 per sq.ft. Moving to the 2024 revision, the value increased significantly to Rs 400 per sq.ft, marking a change of +167%. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions recorded for Vijay Nagar are from 2023 and 2024. The substantial increase in the guideline value reflects the latest adjustments made by the Registration Department.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Vijay Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Vijay Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijay Nagar?

The Vijay Nagar area 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 information.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is an essential reference for property transactions in Thachoor_2. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value ensures that the transaction is recorded at a standard value, helping to maintain transparency and accountability in the real estate market.

Frequently asked questions

What is the current guideline value of Vijay Nagar?

The current guideline value of Vijay Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 150 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, which is a change of +167%.

What is the land classification for Vijay Nagar?

Vijay Nagar is classified under Residential Class II Type - I, indicating its designation for residential purposes.

Where is the Ponneri Sub Registrar Office located?

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

How is stamp duty calculated in Vijay Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.