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Guideline Value

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Guideline Value for Vijaya Garden Annexe I

₹1100/sq.ft.

The guideline value for Vijaya Garden Annexe I in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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 Vijaya Garden Annexe I

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Vijaya Garden Annexe I guideline value

The current guideline value of Vijaya Garden Annexe I is Rs 1,100 per sq.ft. This area is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vijaya Garden Annexe I has changed

Over the years, the guideline value for Vijaya Garden Annexe I has seen several revisions. In 2007, the guideline value was Rs 300 per sq.ft. This increased to Rs 800 per sq.ft in 2012, but then dropped to Rs 536 per sq.ft in 2017. The value saw significant growth, reaching Rs 1,000 per sq.ft in 2023, and is now set at Rs 1,100 per sq.ft from the 2024 revision, effective from 1 July 2024. The changes between these revisions include a 167% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, an 87% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is worth noting that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, there has been a 267% increase in the guideline value.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for Vijaya Garden Annexe I is below this median.

Stamp duty and registration fee for property in Vijaya Garden Annexe I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. 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 Vijaya Garden Annexe I?

The Sub Registrar Office that covers Vijaya Garden Annexe I 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 Puzhal

When buying or selling property in Puzhal, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to calculate the applicable charges, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property transactions. Understanding these values can help in making informed decisions during the sale or purchase process.

Frequently asked questions

What is the current guideline value of Vijaya Garden Annexe I?

The current guideline value of Vijaya Garden Annexe I is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various increases and decreases along the way.

What is the land classification for Vijaya Garden Annexe I?

Vijaya Garden Annexe I is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Vijaya Garden Annexe I?

The Sub Registrar Office for Vijaya Garden Annexe I is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.