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Guideline Value

Corporate

Guideline Value for Vijaya Nagar Main Road (From SBI to ADDISON Company & SPIC Nagar)

₹4400/sq.ft.

The guideline value for Vijaya Nagar Main Road (from Sbi To Addison Company & Spic Nagar) 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 N/A
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 Main Road (from Sbi To Addison Company & Spic Nagar)

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Vijaya Nagar Main Road (From SBI to ADDISON Company & SPIC Nagar) guideline value

The current guideline value of Vijaya Nagar Main Road (From SBI to ADDISON Company & SPIC Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Vijaya Nagar Main Road (From SBI to ADDISON Company & SPIC Nagar) has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 2,680 per sq.ft in 2017, marking a 34% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a significant increase of 64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 120%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2012, and 2023 for this street.

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 is the same as the current value for Vijaya Nagar Main Road (From SBI to ADDISON Company & SPIC Nagar).

Stamp duty and registration fee for property in Vijaya Nagar Main Road (From SBI to ADDISON Company & SPIC Nagar)

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 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 Main Road (From SBI to ADDISON Company & SPIC Nagar)?

The Sub Registrar Office that covers Vijaya Nagar Main Road (From SBI to ADDISON Company & SPIC Nagar) 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 aspect in the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is taken into account to calculate the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Vijaya Nagar Main Road?

The current guideline value for Vijaya Nagar Main Road (From SBI to ADDISON Company & SPIC Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 2,000 per sq.ft to Rs 4,400 per sq.ft in 2024, which is an overall increase of 120%.

What was the guideline value in 2017?

In 2017, the guideline value for Vijaya Nagar Main Road was Rs 2,680 per sq.ft.

Are there any years with no guideline value figures for this street?

Yes, there are no guideline value figures available for the years 2002, 2003, 2012, and 2023 for Vijaya Nagar Main Road.

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

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