Guideline Value

Corporate

Guideline Value for Vigneshwara Lane

₹440/sq.ft.

The guideline value for Vigneshwara Lane in Pullilyon village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pullilyon

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Vigneshwara Lane

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Vigneshwara Lane guideline value

The current guideline value of Vigneshwara Lane is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Pullilyon village and falls under the Redhills SRO with a land classification of Residential Class III Type - I.

How the guideline value of Vigneshwara Lane has changed

The guideline value for Vigneshwara Lane has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The value saw a significant increase of 49% to Rs 400 per sq.ft in 2023, and most recently, it rose by 10% to the current rate of Rs 440 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 120%. The fluctuations in the values reflect various economic factors and adjustments made by the authorities over time.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. Vigneshwara Lane's current guideline value is below this median.

Stamp duty and registration fee for property in Vigneshwara Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. 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 Vigneshwara Lane?

The Sub Registrar Office that covers Vigneshwara Lane is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pullilyon. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Vigneshwara Lane?

The current guideline value of Vigneshwara Lane is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120% over this period.

What are the other streets in Pullilyon with similar guideline values?

Other streets in Pullilyon with similar guideline values include Vishnu Nagar Annex, Varalakshmi Nagar, Thanigai Nagar Annex-II, Thanigai Nagar Annex, and Thanigai Nagar, all at Rs 440 per sq.ft in 2024.

How is stamp duty calculated for properties in Vigneshwara Lane?

Stamp duty for properties in Vigneshwara Lane is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.

Where can I find the Sub Registrar Office for Vigneshwara Lane?

The Sub Registrar Office covering Vigneshwara Lane is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.