Guideline Value for SRI VIJAYA NAGAR

Sri Vijaya Nagar guideline value

The current guideline value for Sri Vijaya Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village under the Chengleput Joint II SRO, classified as Mixed Type - I land.

How the guideline value of Sri Vijaya Nagar has changed

The guideline value for Sri Vijaya Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision saw a decrease to Rs 402 per sq.ft, marking a decline of 33% from the 2012 figure. Between 2017 and 2023, the value increased by 49%, returning to Rs 600 per sq.ft.

From 2023 to 2024, the guideline value remained stable at Rs 600 per sq.ft, showing no change. Notably, the revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in Athur A Block

Athur A Block has 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,525 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the current guideline value for Sri Vijaya Nagar.

• Stephy Garden: Rs 600 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 600 per sq.ft (2024)
• Sri Ranga Nagar: Rs 1,525 per sq.ft (2024)
• Sri Ram Nagar: Rs 800 per sq.ft (2024)
• Sri Ragavandira Nagar: Rs 600 per sq.ft (2024)
• Srinivasa Avenue: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vijaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vijaya Nagar?

The Chengleput Joint II Sub Registrar Office covers Sri Vijaya Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is an essential factor in the registration process for property transactions in Athur A Block. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a property is bought or sold, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value for Sri Vijaya Nagar?

The current guideline value for Sri Vijaya Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023. There was no change from 2023 to 2024.

What is the land classification for Sri Vijaya Nagar?

Sri Vijaya Nagar is classified as Mixed Type - I land under the Chengleput Joint II SRO.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Sri Vijaya Nagar?

The Chengleput Joint II Sub Registrar Office is responsible for handling registrations for Sri Vijaya Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.