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Guideline Value

Corporate

Guideline Value for Vijaylakshmi Nagar I & II

₹1100/sq.ft.

The guideline value for Vijaylakshmi Nagar I & Ii in Chembarambakkam village (Poonamallee SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chembarambakkam

Village

Poonamallee

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[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 Vijaylakshmi Nagar I & Ii

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Vijaylakshmi Nagar I & II guideline value

The current guideline value for Vijaylakshmi Nagar I & II is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Chembarambakkam village and falls under the Poonamallee Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Vijaylakshmi Nagar I & II has changed

The guideline value for Vijaylakshmi Nagar I & II has undergone several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but saw a remarkable increase of 49% from 2017 to 2023. The transition from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current value of Vijaylakshmi Nagar I & II.

Stamp duty and registration fee for property in Vijaylakshmi Nagar I & II

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Vijaylakshmi Nagar I & II?

The Vijaylakshmi Nagar I & II area is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Chembarambakkam. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that property transactions are transparent and standardized within the region.

Frequently asked questions

What is the current guideline value for Vijaylakshmi Nagar I & II?

The current guideline value for Vijaylakshmi Nagar I & II is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What is the land classification for Vijaylakshmi Nagar I & II?

The land classification for Vijaylakshmi Nagar I & II is Residential Class II Type - I.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for properties in Vijaylakshmi Nagar I & II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.