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Guideline Value

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Guideline Value for Valla Street,Vijaya Nagar 2nd Main Road

₹4400/sq.ft.

The guideline value for Valla Street,vijaya Nagar 2nd Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Valla Street,vijaya Nagar 2nd Main Road

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Valla Street,Vijaya Nagar 2nd Main Road guideline value

The current guideline value for Valla Street, Vijaya Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of Valla Street,Vijaya Nagar 2nd Main Road has changed

The guideline value for Valla Street, Vijaya Nagar 2nd Main Road has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 2,680 per sq.ft. This figure increased to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the revisions from the years 2002, 2003, 2007, and 2012.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current figure for Valla Street, Vijaya Nagar 2nd Main Road. Below are other streets in Velachery:

Stamp duty and registration fee for property in Valla Street,Vijaya Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. The total cost for stamp duty and registration fee together would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Valla Street,Vijaya Nagar 2nd Main Road?

The Sub Registrar Office that covers Valla Street, Vijaya Nagar 2nd Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. When registering a property, the guideline value is used to calculate the fees, ensuring that both parties are aware of the financial obligations involved.

Additionally, the guideline value helps in assessing the value of the property for legal and tax purposes. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Valla Street, Vijaya Nagar 2nd Main Road?

The current guideline value for Valla Street, Vijaya Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft as of 2024.

What was the guideline value in 2023?

The guideline value for Valla Street, Vijaya Nagar 2nd Main Road in 2023 was Rs 4,000 per sq.ft.

Which Sub Registrar Office is responsible for Valla Street, Vijaya Nagar 2nd Main Road?

The Velacheri Sub Registrar Office is responsible for Valla Street, Vijaya Nagar 2nd Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Velachery?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.