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Guideline Value

Corporate

Guideline Value for Vijaya Nagar North Extn. (150 Ft. Road)

₹13200/sq.ft.

The guideline value for Vijaya Nagar North Extn. (150 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 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. (150 Ft. Road)

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Vijaya Nagar North Extn. (150 Ft. Road) guideline value

The current guideline value for Vijaya Nagar North Extn. (150 Ft. Road) is Rs 13,200 per sq.ft, effective from 1 July 2024. This location falls under Velachery village and is classified as Commercial Class I Type - I, within the Velacheri SRO.

How the guideline value of Vijaya Nagar North Extn. (150 Ft. Road) has changed

In the 2012 revision, the guideline value was Rs 12,000 per sq.ft. This figure decreased to Rs 8,040 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the guideline value saw a significant increase of 64%, reaching the current rate of Rs 13,200 per sq.ft.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 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 guideline value in this area is Rs 4,400 per sq.ft, placing Vijaya Nagar North Extn. (150 Ft. Road) above this median.

Stamp duty and registration fee for property in Vijaya Nagar North Extn. (150 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, bringing the total charges to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vijaya Nagar North Extn. (150 Ft. Road)?

The Sub Registrar Office that covers Vijaya Nagar North Extn. (150 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 metric used during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Vijaya Nagar North Extn. (150 Ft. Road)?

The current guideline value for Vijaya Nagar North Extn. (150 Ft. Road) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2012 revision of Rs 12,000 per sq.ft to the 2017 revision of Rs 8,040 per sq.ft, there was a decrease of 33%. However, from 2017 to 2024, the value increased by 64% to reach Rs 13,200 per sq.ft.

What is the land classification for Vijaya Nagar North Extn. (150 Ft. Road)?

The land classification for Vijaya Nagar North Extn. (150 Ft. Road) is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the registration office for this area?

The registration office for Vijaya Nagar North Extn. (150 Ft. Road) is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,32,00,000, the stamp duty at 7% would amount to Rs 9,24,000.