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Guideline Value

Corporate

Guideline Value for Victor Avenue 1st Main Road

₹1430/sq.ft.

The guideline value for Victor Avenue 1st Main Road in Vengambakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Vengambakkam

Village

Tambaram Joint 1

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /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)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Victor Avenue 1st Main Road

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Victor Avenue 1st Main Road guideline value

The current guideline value of Victor Avenue 1st Main Road is Rs 1,430 per sq.ft, effective from 1 July 2024. This road is located in Vengambakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Victor Avenue 1st Main Road has changed

The guideline value for Victor Avenue 1st Main Road has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,300 per sq.ft. This was followed by a decrease to Rs 871 per sq.ft in 2017, marking a decline of 33%. However, the value significantly increased to Rs 1,300 per sq.ft in the 2023 revision, and further rose to Rs 1,430 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, comparing the 2012 figure to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 5,000 per sq.ft. The median value among these streets is Rs 770 per sq.ft, making the guideline value of Victor Avenue 1st Main Road above this median.

Stamp duty and registration fee for property in Victor Avenue 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, making the total cost Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Victor Avenue 1st Main Road?

The Sub Registrar Office that covers Victor Avenue 1st Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Vengambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value ensures that the transaction is recorded accurately and fairly in the official registers.

When buying or selling a property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers and sellers should always consult the latest figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Victor Avenue 1st Main Road?

The current guideline value of Victor Avenue 1st Main Road is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,430 per sq.ft in 2024, a 10% increase. It was Rs 871 per sq.ft in 2017, showing a significant increase of 49% to 2023.

What is the land classification for Victor Avenue 1st Main Road?

The land classification for Victor Avenue 1st Main Road is Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles registrations for Victor Avenue 1st Main Road?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Victor Avenue 1st Main Road, located at No.26, Mes Road, East Tambaram, Chennai-600059.