Guideline Value for Vijaya Nagar 9th Cross Street

Vijaya Nagar 9th Cross Street guideline value

The current guideline value of Vijaya Nagar 9th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Vijaya Nagar 9th Cross Street has changed

The guideline value register has no figures for Vijaya Nagar 9th Cross Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent revision in 2024 shows the guideline value as Rs 4,400 per sq.ft.

Since there are no figures available for the previous years, it is important to note that the only available figure is from the 2024 revision. There have been no changes between the revisions above.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Vijaya Nagar 9th Cross Street is equal to this median.

• Vijaya Nagar 8th Main Road: Rs 4,400 per sq.ft (2024)
• Vijaya Nagar 9th Main Road: Rs 4,400 per sq.ft (2024)
• Vijaya Nagar 8th Cross Street: Rs 4,400 per sq.ft (2024)
• Vijaya Nagar 7th Main Road: Rs 4,400 per sq.ft (2024)
• Vijayanagar 7th Cross Street: Rs 4,400 per sq.ft (2024)
• Vijaya Nagar / Belsakthi Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Nagar 9th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making a total of Rs 3,96,000. Please note that the 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 details.

Which Sub Registrar Office covers Vijaya Nagar 9th Cross Street?

The Sub Registrar Office that covers Vijaya Nagar 9th Cross 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 an essential factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official property value set by the government.

When registering a property, the guideline value is used to determine the applicable stamp duty and registration fees, which are mandatory costs incurred during the transaction. Buyers and sellers should be aware of this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Vijaya Nagar 9th Cross Street?

The current guideline value of Vijaya Nagar 9th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

What land classification is Vijaya Nagar 9th Cross Street?

Vijaya Nagar 9th Cross Street falls under the land classification of Residential Class II Type - II.

How has the guideline value changed over the years?

The guideline value register has no figures for Vijaya Nagar 9th Cross Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only available figure is from the 2024 revision, which is Rs 4,400 per sq.ft.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is 7%. This is applied to the higher of the guideline value or the sale price during the registration process.

Where can I find the Sub Registrar Office for Vijaya Nagar 9th Cross Street?

The Sub Registrar Office for Vijaya Nagar 9th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.