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Guideline Value

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Guideline Value for Vijayalakshmi Nagar Extention (Balaraman Ave.)

₹1600/sq.ft.

The guideline value for Vijayalakshmi Nagar Extention (balaraman Ave.) in Puthagaram village (Ambattur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puthagaram

Village

Ambattur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[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 Extention (balaraman Ave.)

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Vijayalakshmi Nagar Extention (Balaraman Ave.) guideline value

The current guideline value for Vijayalakshmi Nagar Extention (Balaraman Ave.) is Rs 1,600 per sq.ft, effective from 1 July 2024. This property is located in Puthagaram village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Vijayalakshmi Nagar Extention (Balaraman Ave.) has changed

The guideline value for Vijayalakshmi Nagar Extention (Balaraman Ave.) has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following that, the value increased to Rs 1,500 per sq.ft in 2023, and finally, it reached Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the 2012 to 2017 period experienced a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

In Puthagaram village, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value for Vijayalakshmi Nagar Extention (Balaraman Ave.) is below this median.

Stamp duty and registration fee for property in Vijayalakshmi Nagar Extention (Balaraman Ave.)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 more details.

Which Sub Registrar Office covers Vijayalakshmi Nagar Extention (Balaraman Ave.)?

The Vijayalakshmi Nagar Extention (Balaraman Ave.) is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puthagaram. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

Understanding the guideline value is essential for ensuring compliance with local regulations during property transactions. It helps in assessing the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value for Vijayalakshmi Nagar Extention (Balaraman Ave.)?

The current guideline value for Vijayalakshmi Nagar Extention (Balaraman Ave.) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision occurring in 2024, following revisions in 2023, 2017, and 2012.

What is the land classification for Vijayalakshmi Nagar Extention (Balaraman Ave.)?

Vijayalakshmi Nagar Extention (Balaraman Ave.) is classified as Residential Class II Type - I.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Vijayalakshmi Nagar Extention (Balaraman Ave.)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty would be calculated accordingly.