Guideline Value

Corporate

Guideline Value for Vijayalakshmi Nagar Extn.

₹550/sq.ft.

The guideline value for Vijayalakshmi Nagar Extn. in Pothur village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Extn.

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Vijayalakshmi Nagar Extn. guideline value

The current guideline value of Vijayalakshmi Nagar Extn., located in Pothur village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Vijayalakshmi Nagar Extn. has changed

The guideline value for Vijayalakshmi Nagar Extn. has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 300 per sq.ft. This increased to Rs 500 per sq.ft in 2012, followed by a decrease to Rs 335 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 550 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased by 67%. However, from 2012 to 2017, it decreased by 33%. The value then rose by 49% from 2017 to 2023, and the latest revision shows a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 83%.

Guideline values in Pothur

In Pothur, there are 98 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the guideline value of Vijayalakshmi Nagar Extn.

Stamp duty and registration fee for property in Vijayalakshmi Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty is charged at 7%, amounting to Rs 38,500, and the registration fee is charged at 2%, which equals Rs 11,000. Together, the total fees would be Rs 49,500. Please note that 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 Extn.?

The Vijayalakshmi Nagar Extn. falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pothur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in calculating the financial obligations associated with property transactions. It is advisable to consult the guideline value register for accurate and up-to-date information before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Vijayalakshmi Nagar Extn.?

The current guideline value of Vijayalakshmi Nagar Extn. is Rs 550 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 300 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, with fluctuations in between.

What is the registration office for Vijayalakshmi Nagar Extn.?

The registration office for Vijayalakshmi Nagar Extn. is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Vijayalakshmi Nagar Extn.?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,50,000 would incur a stamp duty of Rs 38,500.

What are the other streets in Pothur with similar guideline values?

Other streets in Pothur, such as Vijayalakshmi Nagar Extension III, Vijayalakshmi Nagar Extension - II, and Vinoth Mishra Nagar, also have a guideline value of Rs 550 per sq.ft in 2024.