Guideline Value

Corporate

Guideline Value for Vivek Nagar Annex I

₹550/sq.ft.

The guideline value for Vivek Nagar Annex I in Vilangadupakkam 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class II 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 ₹33 /sq.ft.
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 Vivek Nagar Annex I

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Vivek Nagar Annex I guideline value

The current guideline value of Vivek Nagar Annex I is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vivek Nagar Annex I has changed

The guideline value for Vivek Nagar Annex I has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 33 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2007, then rose to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017. The 2023 revision set the value at Rs 500 per sq.ft, which was further increased to Rs 550 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2003 to 2024, the overall increase in the guideline value is a remarkable 1567%. The changes between revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 67% increase from 2007 to 2012, and an astounding 809% increase from 2003 to 2007. The register does not contain a figure for the year 2002 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value for Vivek Nagar Annex I is above this median.

Stamp duty and registration fee for property in Vivek Nagar Annex I

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 at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivek Nagar Annex I?

The Vivek Nagar Annex I area is covered by the Redhills Sub Registrar Office. The address is 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 Vilangadupakkam

The guideline value is an essential factor in property transactions in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the buying or selling process.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the correct fees are paid at registration.

Frequently asked questions

What is the current guideline value of Vivek Nagar Annex I?

The current guideline value of Vivek Nagar Annex I is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 33 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, with various revisions in between, including a notable increase of 10% from 2023 to 2024.

What is the registration office for Vivek Nagar Annex I?

The Redhills Sub Registrar Office covers Vivek Nagar Annex I, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically to reflect changes in the real estate market. It serves as a reference for property transactions in the area.