Guideline Value

Corporate

Guideline Value for Vijayanagar 6th Cross Street

₹4400/sq.ft.

The guideline value for Vijayanagar 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 ₹2000 /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 Vijayanagar 6th Cross Street

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Vijayanagar 6th Cross Street guideline value

The current guideline value of Vijayanagar 6th 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 falls under the Residential Class II Type - II land classification.

How the guideline value of Vijayanagar 6th Cross Street has changed

The guideline value for Vijayanagar 6th Cross Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 2,000 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a 100% increase. There was no recorded figure for this street in the years 2002, 2003, and 2017. In 2023, the guideline value remained at Rs 4,000 per sq.ft, before rising to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 120%. The consistent value of Rs 4,000 per sq.ft between 2012 and 2023 indicates stability before the recent increase in 2024.

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 across these streets is Rs 4,400 per sq.ft, which aligns with the current guideline value for Vijayanagar 6th Cross Street.

Stamp duty and registration fee for property in Vijayanagar 6th 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, calculated at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vijayanagar 6th Cross Street?

The Vijayanagar 6th Cross Street falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are documented accurately and transparently.

During the registration process, buyers and sellers must consider the guideline value in relation to the sale price. The stamp duty and registration fees are calculated based on the higher of the two values, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Vijayanagar 6th Cross Street?

The current guideline value for Vijayanagar 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 2,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 120%. The value remained at Rs 4,000 per sq.ft from 2012 to 2023 before increasing in 2024.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Vijayanagar 6th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total fees amount to Rs 3,96,000.

Where can I find more information on guideline values in Velachery?

More information on guideline values in Velachery can be found through the Registration Department's guideline value register (TNReginet) and by exploring the various streets listed under the Velacheri SRO.