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Guideline Value

Corporate

Guideline Value for Vijaya Nagar 3rd Cross Street Extn.

₹4400/sq.ft.

The guideline value for Vijaya Nagar 3rd Cross Street Extn. in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /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 3rd Cross Street Extn.

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Vijaya Nagar 3rd Cross Street Extn. guideline value

The current guideline value of Vijaya Nagar 3rd Cross Street Extn. is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Vijaya Nagar 3rd Cross Street Extn. has changed

The guideline value for Vijaya Nagar 3rd Cross Street Extn. has undergone several revisions over the years. In 2007, the value was set at Rs 2,000 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 2,680 per sq.ft. The most recent revision in 2024 has seen a significant increase to Rs 4,400 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Velachery

In Velachery, there are 2691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the 2024 figure for Vijaya Nagar 3rd Cross Street Extn.

Stamp duty and registration fee for property in Vijaya Nagar 3rd Cross Street Extn.

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, calculated at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total fees would amount to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vijaya Nagar 3rd Cross Street Extn.?

The Sub Registrar Office that covers Vijaya Nagar 3rd Cross Street Extn. is 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 crucial factor in property transactions in Velachery, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is referred to for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation.

It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions in the area, reflecting the official stance of the government on property pricing.

Frequently asked questions

What is the current guideline value of Vijaya Nagar 3rd Cross Street Extn.?

The current guideline value of Vijaya Nagar 3rd Cross Street Extn. 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 2,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this area?

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

What is the land classification for Vijaya Nagar 3rd Cross Street Extn.?

The land classification for Vijaya Nagar 3rd Cross Street Extn. is Residential Class II Type - II.