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Guideline Value

Corporate

Guideline Value for Vijaya Nagar North Extn. (100 Ft. Road)

₹13200/sq.ft.

The guideline value for Vijaya Nagar North Extn. (100 Ft. Road) in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /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 North Extn. (100 Ft. Road)

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Vijaya Nagar North Extn. (100 Ft. Road) guideline value

The current guideline value of Vijaya Nagar North Extn. (100 Ft. Road) is Rs 13,200 per sq.ft, effective from 1 July 2024. This area is located in Velachery village and falls under the Velacheri SRO with a land classification of Commercial Class I Type - I.

How the guideline value of Vijaya Nagar North Extn. (100 Ft. Road) has changed

The guideline value for Vijaya Nagar North Extn. has seen several revisions over the years. In 2007, the guideline value was Rs 2,000 per sq.ft, which increased significantly to Rs 12,000 per sq.ft in 2012, marking a 500% rise. However, this value decreased to Rs 8,040 per sq.ft in the 2017 revision, representing a decline of 33%. The most recent revision in 2024 set the value at Rs 13,200 per sq.ft, reflecting a 64% increase from 2017.

There are no figures available for the revisions in 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Vijaya Nagar North Extn. (100 Ft. Road) above this median.

Stamp duty and registration fee for property in Vijaya Nagar North Extn. (100 Ft. Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, making the total cost for these fees Rs 11,88,000. 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 details.

Which Sub Registrar Office covers Vijaya Nagar North Extn. (100 Ft. Road)?

The Sub Registrar Office that covers Vijaya Nagar North Extn. (100 Ft. 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 properties can be registered, ensuring transparency and compliance with legal requirements.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Vijaya Nagar North Extn. (100 Ft. Road)?

The current guideline value of Vijaya Nagar North Extn. (100 Ft. Road) is Rs 13,200 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 13,200 per sq.ft in 2024, marking an overall increase of 560% over the years.

What is the land classification for Vijaya Nagar North Extn.?

The land classification for Vijaya Nagar North Extn. is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Velacheri Sub Registrar Office?

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

How is stamp duty calculated in Vijaya Nagar North Extn.?

Stamp duty in Vijaya Nagar North Extn. is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.