Guideline Value

Corporate

Guideline Value for Vigneshwara Nagar Annex

₹770/sq.ft.

The guideline value for Vigneshwara Nagar Annex in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹52 /sq.ft.
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 Nagar Annex

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Vigneshwara Nagar Annex guideline value

The current guideline value for Vigneshwara Nagar Annex is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village and falls under the Redhills SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Vigneshwara Nagar Annex has changed

The guideline value for Vigneshwara Nagar Annex has undergone several revisions over the years. Starting from Rs 52 per sq.ft in 2003, it increased significantly to Rs 500 per sq.ft in 2007. The value then rose to Rs 700 per sq.ft in 2012, before dropping to Rs 469 per sq.ft in 2017. Following that, the value saw a substantial increase to Rs 700 per sq.ft in 2023, and currently stands at Rs 770 per sq.ft as of the 2024 revision. There is no figure available for the year 2002 in the register for this street.

In terms of percentage changes, the guideline value increased by 862% from 2003 to 2007, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 1381%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. Vigneshwara Nagar Annex has a guideline value above this median.

Stamp duty and registration fee for property in Vigneshwara Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty, charged at 7%, would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for stamp duty and registration would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vigneshwara Nagar Annex?

The Sub Registrar Office that covers Vigneshwara Nagar Annex 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 details.

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

When buying or selling property in Vilangadupakkam, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. Understanding this value can help in planning financial aspects related to buying or selling real estate in the area.

Frequently asked questions

What is the current guideline value of Vigneshwara Nagar Annex?

The current guideline value of Vigneshwara Nagar Annex is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 52 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, marking an overall increase of 1381% over this period.

What is the land classification for Vigneshwara Nagar Annex?

Vigneshwara Nagar Annex is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 69,300 in fees.

Which office handles registrations for Vigneshwara Nagar Annex?

The Redhills Sub Registrar Office handles registrations for Vigneshwara Nagar Annex, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.