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Guideline Value

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Guideline Value for Vijaya Nagar 6th Main Road/Ram Nagar 1st Street

₹4400/sq.ft.

The guideline value for Vijaya Nagar 6th Main Road/ram Nagar 1st Street 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 N/A
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 6th Main Road/ram Nagar 1st Street

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Vijaya Nagar 6th Main Road/Ram Nagar 1st Street guideline value

The current guideline value for Vijaya Nagar 6th Main Road/Ram Nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of Vijaya Nagar 6th Main Road/Ram Nagar 1st Street has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 4,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Thus, the only revisions that provide figures are from 2012, 2023, and 2024, showing an overall increase of 10% from 2012 to 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with 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 matches the current value for Vijaya Nagar 6th Main Road/Ram Nagar 1st Street.

Stamp duty and registration fee for property in Vijaya Nagar 6th Main Road/Ram Nagar 1st Street

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 cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vijaya Nagar 6th Main Road/Ram Nagar 1st Street?

The Sub Registrar Office that covers Vijaya Nagar 6th Main Road/Ram Nagar 1st Street 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 during the registration of property transactions in Velachery. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is documented at an appropriate value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that all parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value for Vijaya Nagar 6th Main Road/Ram Nagar 1st Street?

The current guideline value for Vijaya Nagar 6th Main Road/Ram Nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased by 10%, from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024. The value remained unchanged from 2012 to 2023.

What are the other streets in Velachery with similar guideline values?

Several other streets in Velachery have a guideline value of Rs 4,400 per sq.ft in 2024, including Vijaya Nagar 6th Main Road, Vijayanagar 7th Cross Street, Vijaya Nagar 7th Main Road, Vijayanagar 6th Cross Street, and Vijaya Nagar 8th Cross Street.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.

Where can I find the Sub Registrar Office for this street?

The Velacheri Sub Registrar Office covers Vijaya Nagar 6th Main Road/Ram Nagar 1st Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.