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Guideline Value

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Guideline Value for Vijaya Nagar North Extn Ist Street

₹4400/sq.ft.

The guideline value for Vijaya Nagar North Extn Ist Street 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 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 North Extn Ist Street

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Vijaya Nagar North Extn Ist Street guideline value

The current guideline value of Vijaya Nagar North Extn Ist Street 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 North Extn Ist Street has changed

In the 2017 revision, the guideline value for Vijaya Nagar North Extn Ist Street was Rs 2,680 per sq.ft. The latest revision in 2024 shows a significant increase to Rs 4,400 per sq.ft, marking a change of +64% from the previous figure. There are no figures available for this street in the revisions for the years 2023, 2012, 2007, 2003, and 2002.

The increase from Rs 2,680 to Rs 4,400 indicates a substantial rise in the guideline value over the years. The current figure aligns with the median guideline value in Velachery for 2024, which ranges from Rs 3,300 to Rs 13,200 per sq.ft.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, with the median being Rs 4,400 per sq.ft. Vijaya Nagar North Extn Ist Street's guideline value is equal to this median. The following are other streets in Velachery with their respective guideline values:

Stamp duty and registration fee for property in Vijaya Nagar North Extn Ist 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, while the registration fee at 2% would be Rs 88,000, bringing the total cost 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 also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vijaya Nagar North Extn Ist Street?

The Sub Registrar Office that covers Vijaya Nagar North Extn Ist 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in accordance with the prevailing rates in the area. This helps maintain transparency and fairness in property transactions within the Velachery region.

Frequently asked questions

What is the current guideline value of Vijaya Nagar North Extn Ist Street?

The current guideline value of Vijaya Nagar North Extn Ist Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, reflecting a change of +64%. There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Velachery?

Other streets in Velachery also have guideline values, with the 2024 figures ranging from Rs 3,300 to Rs 13,200 per sq.ft. Vijaya Nagar North Extn Ist Street's value matches the median of Rs 4,400 per sq.ft.

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

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. Duty is charged on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Vijaya Nagar North Extn Ist Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more information on the official site.