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Guideline Value

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Guideline Value for VIJAYALAKSHMI NAGAR STREET

₹2420/sq.ft.

The guideline value for Vijayalakshmi Nagar Street in Chettiyaragaram village (Chennai South Joint I SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chettiyaragaram

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Vijayalakshmi Nagar Street

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Vijayalakshmi Nagar Street guideline value

The current guideline value of Vijayalakshmi Nagar Street in Chettiyaragaram village is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Vijayalakshmi Nagar Street has changed

The guideline value for Vijayalakshmi Nagar Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from Rs 1,474 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,200 per sq.ft, which remained the same as the 2012 value. The most recent revision in 2024 raised the guideline value to Rs 2,420 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chettiyaragaram

In Chettiyaragaram, there are 22 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,210 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the 2024 figure for Vijayalakshmi Nagar Street above that median.

Stamp duty and registration fee for property in Vijayalakshmi Nagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total cost for these fees to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vijayalakshmi Nagar Street?

The Vijayalakshmi Nagar Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial aspect of property transactions in Chettiyaragaram. It is used to determine the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as set by the registration authorities.

When you approach the Sub Registrar Office for registration, the guideline value will be referenced to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vijayalakshmi Nagar Street?

The current guideline value of Vijayalakshmi Nagar Street is Rs 2,420 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 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024. The value has increased by 49% from 2017 to 2023 and has varied significantly since 2012.

What is the registration office for properties in this area?

The registration office for properties in Vijayalakshmi Nagar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Are there other streets with similar guideline values in Chettiyaragaram?

Yes, there are several other streets in Chettiyaragaram with similar guideline values, including Vijayalakshmi Nagar 1st Street and 2nd Street, both at Rs 2,420 per sq.ft in 2024.