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Guideline Value

Corporate

Guideline Value for Vijayanagar 2nd Main Road (Avenue)

₹4400/sq.ft.

The guideline value for Vijayanagar 2nd Main Road (avenue) 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 N/A
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.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 2nd Main Road (avenue)

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Vijayanagar 2nd Main Road (Avenue) guideline value

The current guideline value of Vijayanagar 2nd Main Road (Avenue) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Vijayanagar 2nd Main Road (Avenue) has changed

The guideline value for Vijayanagar 2nd Main Road (Avenue) has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 4,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the last recorded figure was Rs 4,000 per sq.ft in 2023. The changes reflect a consistent upward movement in the guideline value, particularly from 2023 to 2024, with the current figure aligning with the median guideline value for the village.

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 guideline value is Rs 4,400 per sq.ft, which is the same as the current guideline value for Vijayanagar 2nd Main Road (Avenue). Below are other streets in Velachery with their respective guideline values:

Stamp duty and registration fee for property in Vijayanagar 2nd Main Road (Avenue)

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 at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vijayanagar 2nd Main Road (Avenue)?

The Vijayanagar 2nd Main Road (Avenue) falls under 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 the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value as determined by the local authorities. This process is essential for maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Vijayanagar 2nd Main Road (Avenue)?

The current guideline value for Vijayanagar 2nd Main Road (Avenue) 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 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for this street?

Vijayanagar 2nd Main Road (Avenue) is classified as Residential Class II Type - II.

Where can I find the registration office for this area?

The registration office for Vijayanagar 2nd Main Road (Avenue) is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.