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Guideline Value

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Guideline Value for Vijaya Nagar North Extn. Main Road 4th Cross Street

₹4400/sq.ft.

The guideline value for Vijaya Nagar North Extn. Main Road 4th 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 4th Cross Street

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Vijaya Nagar North Extn. Main Road 4th Cross Street guideline value

The current guideline value of Vijaya Nagar North Extn. Main Road 4th 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 4th Cross Street has changed

The guideline value for this street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft. This figure saw a significant increase in the 2012 revision, which retained the value at Rs 4,000 per sq.ft. The value remained unchanged through the 2023 revision, but in the 2024 revision, it increased to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 144%. Notably, there are no figures available for the years 2002, 2003, and 2017 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 value is Rs 4,400 per sq.ft, which aligns with the guideline value of Vijaya Nagar North Extn. Main Road 4th Cross Street.

Stamp duty and registration fee for property in Vijaya Nagar North Extn. Main Road 4th 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, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijaya Nagar North Extn. Main Road 4th Cross Street?

The Vijaya Nagar North Extn. Main Road 4th Cross Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Vijaya Nagar North Extn. Main Road 4th Cross Street?

The current guideline value of Vijaya Nagar North Extn. Main Road 4th 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 seen several revisions, increasing from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking a total increase of 144% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty for properties in Vijaya Nagar North Extn. Main Road 4th Cross Street is charged at 7% of the higher value between the guideline value and the sale price.

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

The Velacheri Sub Registrar Office covers Vijaya Nagar North Extn. Main Road 4th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the other streets with the same guideline value in Velachery?

Other streets in Velachery that have the same guideline value of Rs 4,400 per sq.ft include Vijaya Nagar North Extn. Main Road 1st, 2nd, 3rd, 5th, and 6th Cross Streets, as well as Vijaya Nagar North Veedu Lane.