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Guideline Value

Corporate

Guideline Value for Vijaya Nagar 13th Main Road

₹4400/sq.ft.

The guideline value for Vijaya Nagar 13th Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Nagar 13th Main Road

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Vijaya Nagar 13th Main Road guideline value

The current guideline value of Vijaya Nagar 13th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Vijaya Nagar 13th Main Road has changed

The guideline value for Vijaya Nagar 13th Main Road has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. There was no recorded figure for the years 2002, 2003, and 2017. In the 2023 revision, the value remained at Rs 4,000 per sq.ft, but it increased by 10% to Rs 4,400 per sq.ft in the 2024 revision.

Overall, the guideline value has increased by 144% from the 2007 figure to the current 2024 figure. The changes between revisions include a substantial increase of 122% from 2007 to 2012, but no change from 2012 to 2023.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value range from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for Vijaya Nagar 13th Main Road.

Stamp duty and registration fee for property in Vijaya Nagar 13th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the 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 Vijaya Nagar 13th Main Road?

The Vijaya Nagar 13th Main Road falls under the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a critical factor when registering a property in Velachery. 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 used to ensure that the transaction is recorded accurately, reflecting the value of the property as per the government regulations. Buyers and sellers should be aware of these values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vijaya Nagar 13th Main Road?

The current guideline value of Vijaya Nagar 13th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, an overall increase of 144%.

What is the stamp duty rate for properties on Vijaya Nagar 13th Main Road?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I visit for transactions in Vijaya Nagar 13th Main Road?

The Velacheri Sub Registrar Office covers Vijaya Nagar 13th Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Where can I find more information about guideline values in Velachery?

More information about guideline values in Velachery can be found in the Registration Department's guideline value register (TNReginet).