Guideline Value for SRI VIJAYA VIGNESHWARA NAGAR

Sri Vijaya Vigneshwara Nagar guideline value

The current guideline value of Sri Vijaya Vigneshwara Nagar is Rs 1,500 per sq.ft. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Special Type - I.

How the guideline value of Sri Vijaya Vigneshwara Nagar has changed

The guideline value for Sri Vijaya Vigneshwara Nagar has undergone several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 1,500 per sq.ft, which is a significant increase from Rs 1,005 per sq.ft recorded in the 2017 revision, marking a change of +49%.

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Thus, the only recorded values for this area are from the 2017 and 2023 revisions.

Guideline values in Vandalur

As of now, there are no other guideline values provided for streets in Vandalur under the Gooduvancheri SRO. Sri Vijaya Vigneshwara Nagar is the only street mentioned in the available data.

Stamp duty and registration fee for property in Sri Vijaya Vigneshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vijaya Vigneshwara Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Vijaya Vigneshwara Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vandalur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is either equal to or greater than the guideline value. If the sale price is lower than the guideline value, the duty will be charged based on the guideline value to ensure compliance with state regulations.

Frequently asked questions

What is the current guideline value of Sri Vijaya Vigneshwara Nagar?

The current guideline value of Sri Vijaya Vigneshwara Nagar is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, which is a change of +49%.

Are there any guideline values for other revisions?

No figures are available for the revisions in 2024, 2012, 2007, 2003, and 2002 for Sri Vijaya Vigneshwara Nagar. The only recorded values are from 2017 and 2023.

What fees are associated with buying property in Sri Vijaya Vigneshwara Nagar?

When buying property in Sri Vijaya Vigneshwara Nagar, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.