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Guideline Value

Corporate

Guideline Value for Vijayalakshmi Nagar 1st Street

₹1900/sq.ft.

The guideline value for Vijayalakshmi Nagar 1st Street in Selavoyal village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Selavoyal

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Vijayalakshmi Nagar 1st Street

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Vijayalakshmi Nagar 1st Street guideline value

The current guideline value of Vijayalakshmi Nagar 1st Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vijayalakshmi Nagar 1st Street has changed

The guideline value for Vijayalakshmi Nagar 1st Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, marking a change of +6%. Looking back further, the value rose significantly from Rs 1,206 per sq.ft in 2017, which was a 49% increase from the previous revision. In contrast, from 2012 to 2017, the value decreased by 20% from Rs 1,500 per sq.ft.

Overall, from 2012 to 2024, the guideline value has increased by 27%. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Vijayalakshmi Nagar 1st Street is below this median.

Stamp duty and registration fee for property in Vijayalakshmi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, leading to a total of Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vijayalakshmi Nagar 1st Street?

The Vijayalakshmi Nagar 1st Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in Selavoyal.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official value set by the registration department.

Frequently asked questions

What is the current guideline value of Vijayalakshmi Nagar 1st Street?

The current guideline value of Vijayalakshmi Nagar 1st Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 27% over this period.

What is the stamp duty rate for property in Vijayalakshmi Nagar 1st Street?

The stamp duty rate for property transactions in Vijayalakshmi Nagar 1st Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in this area?

The Madhavaram Sub Registrar Office handles property registrations for Vijayalakshmi Nagar 1st Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the median guideline value for streets in Selavoyal?

The median guideline value for streets in Selavoyal is Rs 2,200 per sq.ft, with Vijayalakshmi Nagar 1st Street's value being below this median at Rs 1,900 per sq.ft.