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Guideline Value

Corporate

Guideline Value for Vijaya Nagar 3rd Main Road

₹4400/sq.ft.

The guideline value for Vijaya Nagar 3rd Main Road 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 Main Road

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Vijaya Nagar 3rd Main Road guideline value

The current guideline value of Vijaya Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Vijaya Nagar 3rd Main Road has seen 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 to Rs 2,680 per sq.ft, reflecting a 33% decline. The most recent revision in 2024 has brought the value up to Rs 4,400 per sq.ft, representing a significant increase of 64% 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 2,691 streets under the Velacheri SRO that carry a guideline value for 2024, 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 current value of Vijaya Nagar 3rd Main Road.

Stamp duty and registration fee for property in Vijaya Nagar 3rd 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, charged at 7%, would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together 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.

You can use the stamp duty and registration fee calculator for more information on fees applicable to property transactions.

Which Sub Registrar Office covers Vijaya Nagar 3rd Main Road?

The Vijaya Nagar 3rd Main Road is covered by 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 details.

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

The guideline value plays a crucial role when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value can influence the overall cost of acquiring property.

When registering a property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Vijaya Nagar 3rd Main Road?

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

What is the land classification for Vijaya Nagar 3rd Main Road?

The land classification for Vijaya Nagar 3rd Main Road is Residential Class II Type - II.

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

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 office handles registrations for this area?

The Velacheri Sub Registrar Office handles registrations for Vijaya Nagar 3rd Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.