Guideline Value

Corporate

Guideline Value for Vijay Nagar

₹715/sq.ft.

The guideline value for Vijay Nagar in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 715 per sq.ft, effective 1 July 2024. It was Rs 650 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹715 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹650 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹10 /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 Vijay Nagar

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Vijay Nagar guideline value

The current guideline value of Vijay Nagar, located in Sothupakkam village, is Rs 715 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Special Type - I.

How the guideline value of Vijay Nagar has changed

The guideline value for Vijay Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 10 per sq.ft. It increased dramatically to Rs 600 per sq.ft by 2007, marking a rise of 5900%. The value then adjusted to Rs 650 per sq.ft in 2012, a decrease of 8%. Following this, it dropped to Rs 435 per sq.ft in 2017, reflecting a decline of 33%. The 2023 revision set the value at Rs 650 per sq.ft, and the latest 2024 revision increased it to Rs 715 per sq.ft, a rise of 10%.

Overall, from 2003 to 2024, the guideline value has increased by 7050%. The register has no figure for the year 2002 for this street.

Guideline values in Sothupakkam

Sothupakkam village has 49 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,150 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of Vijay Nagar is above this median.

Stamp duty and registration fee for property in Vijay Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value would be Rs 7,15,000. The stamp duty at 7% would amount to Rs 50,050, and the registration fee at 2% would be Rs 14,300, bringing the total fees to Rs 64,350. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijay Nagar?

The Sub Registrar Office that covers Vijay Nagar 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 Sothupakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Sothupakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Vijay Nagar?

The current guideline value of Vijay Nagar is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10 per sq.ft in 2003 to Rs 715 per sq.ft in 2024, reflecting significant increases and some decreases in between.

What is the land classification of Vijay Nagar?

Vijay Nagar is classified as Residential Special Type - I under the Redhills SRO.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 64,350.

Which office handles registrations for Vijay Nagar?

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