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Guideline Value

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Guideline Value for Vijaya Nagar North Extn. Main Road 3rd Cross Street

₹4400/sq.ft.

The guideline value for Vijaya Nagar North Extn. Main Road 3rd Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. 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 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /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. Main Road 3rd Cross Street

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Vijaya Nagar North Extn. Main Road 3rd Cross Street guideline value

The current guideline value of Vijaya Nagar North Extn. Main Road 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street 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 North Extn. Main Road 3rd Cross Street has changed

The guideline value for Vijaya Nagar North Extn. Main Road 3rd Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 1,800 per sq.ft. This value increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of +122%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, where it was updated to Rs 4,000 per sq.ft again, showing no change.

The most recent revision in 2024 saw the guideline value rise to Rs 4,400 per sq.ft, reflecting a +10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by +144%.

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 guideline value is Rs 4,400 per sq.ft, which is the same as the current value for Vijaya Nagar North Extn. Main Road 3rd Cross Street. Below are the guideline values for other streets in Velachery:

Stamp duty and registration fee for property in Vijaya Nagar North Extn. Main Road 3rd Cross Street

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, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that 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 information.

Which Sub Registrar Office covers Vijaya Nagar North Extn. Main Road 3rd Cross Street?

The Vijaya Nagar North Extn. Main Road 3rd Cross Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration 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 appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the government. It is essential for buyers to consider the guideline value when negotiating the sale price to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Vijaya Nagar North Extn. Main Road 3rd Cross Street?

The current guideline value of Vijaya Nagar North Extn. Main Road 3rd Cross 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 has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +144%.

What is the stamp duty for property in Vijaya Nagar North Extn. Main Road 3rd Cross Street?

The stamp duty for property in Vijaya Nagar North Extn. Main Road 3rd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

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

What is the land classification for Vijaya Nagar North Extn. Main Road 3rd Cross Street?

The land classification for Vijaya Nagar North Extn. Main Road 3rd Cross Street is Residential Class II Type - II.