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Guideline Value

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Guideline Value for Vijaya Nagar North Extn. Main Road 6th Cross Street

₹4400/sq.ft.

The guideline value for Vijaya Nagar North Extn. Main Road 6th 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 6th Cross Street

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Vijaya Nagar North Extn. Main Road 6th Cross Street guideline value

The current guideline value for Vijaya Nagar North Extn. Main Road 6th Cross 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 with a land classification of Residential Class II Type - II.

How the guideline value of Vijaya Nagar North Extn. Main Road 6th Cross Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,800 per sq.ft, which increased to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 has raised the value to Rs 4,400 per sq.ft, marking a 10% increase from 2023. Notably, the increase from 2007 to 2024 is 144%.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. The value remained unchanged from 2012 to 2023, indicating stability during that period.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values 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 2024 figure for Vijaya Nagar North Extn. Main Road 6th Cross Street.

Stamp duty and registration fee for property in Vijaya Nagar North Extn. Main Road 6th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijaya Nagar North Extn. Main Road 6th Cross Street?

The Sub Registrar Office that covers Vijaya Nagar North Extn. Main Road 6th Cross 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 information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction process.

When you buy or sell property in Velachery, it's essential to be aware of the guideline value, as it ensures that the transaction is compliant with local regulations. The guideline value serves as a reference point for both buyers and sellers, helping to facilitate a transparent transaction process.

Frequently asked questions

What is the current guideline value for Vijaya Nagar North Extn. Main Road 6th Cross Street?

The current guideline value for Vijaya Nagar North Extn. Main Road 6th 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, reflecting an overall increase of 144% over the years.

What is the role of the Velacheri SRO?

The Velacheri SRO is responsible for the registration of properties in the Velachery area, including Vijaya Nagar North Extn. Main Road 6th Cross Street. It ensures compliance with local regulations during property transactions.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft incurs a total of Rs 3,96,000 in fees.

Are there other streets with the same guideline value in Velachery?

Yes, there are several other streets in Velachery with the same guideline value of Rs 4,400 per sq.ft, including Vijaya Nagar North Extn. Main Road 5th Cross Street, Vijaya Nagar North Veedu Lane, and others.