Guideline Value

Corporate

Guideline Value for VIJAYALAKSHMI NAGAR

₹500/sq.ft.

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

Last updated:

Chennai

Zone

Ikkadu

Village

Tiruvallur Joint 1

SRO

Residential Class II 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 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)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[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 Vijayalakshmi Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Vijayalakshmi Nagar guideline value

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

How the guideline value of Vijayalakshmi Nagar has changed

According to the register, there are no figures recorded for Vijayalakshmi Nagar in the years 2002, 2003, 2007, 2012, and 2017. The guideline value for this street was Rs 500 per sq.ft in the 2023 revision and remains the same in the 2024 revision, showing no change from the previous year.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 500 per sq.ft, which reflects a change of +0% from the 2023 revision. This consistency indicates stability in the valuation for this area.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Vijayalakshmi Nagar is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Vijayalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vijayalakshmi Nagar?

The Vijayalakshmi Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ikkadu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value helps determine the amount of tax owed to the government. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any potential legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Vijayalakshmi Nagar?

The current guideline value of Vijayalakshmi Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vijayalakshmi Nagar has remained at Rs 500 per sq.ft in both the 2023 and 2024 revisions. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Vijayalakshmi Nagar?

Vijayalakshmi Nagar is classified as Residential Class II Type - I. This classification is important for understanding the zoning and permissible uses of the land.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vijayalakshmi Nagar?

The Sub Registrar Office covering Vijayalakshmi Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.