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Guideline Value

Corporate

Guideline Value for Vijaya Nagar 9th Main Road

₹4400/sq.ft.

The guideline value for Vijaya Nagar 9th 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 9th Main Road

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Vijaya Nagar 9th Main Road guideline value

The current guideline value of Vijaya Nagar 9th Main Road 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 9th Main Road has changed

Over the years, the guideline value of Vijaya Nagar 9th Main Road has experienced several revisions. The 2007 revision set the value at Rs 2,000 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2012 revision. However, there was a decrease to Rs 2,680 per sq.ft in the 2017 revision. The most recent 2024 revision has brought the guideline value to Rs 4,400 per sq.ft, marking a significant increase of 64% since 2017.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. Notably, the value doubled from Rs 2,000 per sq.ft in 2007 to Rs 4,000 per sq.ft in 2012. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. The register has no figure for the years 2023, 2003, and 2002 for this street.

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. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value of Vijaya Nagar 9th Main Road.

Stamp duty and registration fee for property in Vijaya Nagar 9th 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, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijaya Nagar 9th Main Road?

The Sub Registrar Office that covers Vijaya Nagar 9th Main Road 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 when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to consider the guideline value as it reflects the legal valuation of the property. This value is determined by the local authorities and is subject to periodic revisions, ensuring that it remains relevant to the current market conditions.

Frequently asked questions

What is the current guideline value of Vijaya Nagar 9th Main Road?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 120% over the years.

What is the land classification for Vijaya Nagar 9th Main Road?

The land classification for Vijaya Nagar 9th Main Road is Residential Class II Type - II.

Where is the Sub Registrar Office located for this area?

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

How is the stamp duty calculated for property transactions?

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 amount to Rs 3,08,000.