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Guideline Value

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Guideline Value for Sri Vijayalakshmi Nagar

₹250/sq.ft.

The guideline value for Sri Vijayalakshmi Nagar in Koozhangacheri village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Koozhangacheri

Village

Sunguvarchattram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /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)

Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Vijayalakshmi Nagar

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Sri Vijayalakshmi Nagar guideline value

The current guideline value of Sri Vijayalakshmi Nagar is Rs 250 per sq.ft. This area is located in Koozhangacheri village, under the jurisdiction of the Sunguvarchattram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Vijayalakshmi Nagar has changed

The guideline value for Sri Vijayalakshmi Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 250 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023, where it was also Rs 250 per sq.ft. The 2017 revision saw a significant increase of 50% from Rs 167 per sq.ft in 2017, but the value reverted to Rs 250 per sq.ft in 2012 and has remained stable through the 2024 revision.

In the 2024 revision, effective from 1 July 2024, the guideline value is again Rs 250 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Koozhangacheri

In Koozhangacheri, there are 47 streets under the Sunguvarchattram SRO that have a guideline value for 2024, ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value in the village is Rs 226 per sq.ft, which means that the guideline value of Sri Vijayalakshmi Nagar is above this median.

Stamp duty and registration fee for property in Sri Vijayalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges Rs 22,500. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vijayalakshmi Nagar?

The Sub Registrar Office that covers Sri Vijayalakshmi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Koozhangacheri. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps to calculate the stamp duty and registration fees applicable to the transaction.

During the registration process, the authorities will assess the property based on the guideline value, ensuring that the transaction is conducted transparently and fairly. This helps in maintaining a standardized approach to property valuation in the region.

Frequently asked questions

What is the current guideline value of Sri Vijayalakshmi Nagar?

The current guideline value of Sri Vijayalakshmi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 250 per sq.ft from 2012 to 2024, with a significant increase of 50% from Rs 167 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Koozhangacheri?

The median guideline value in Koozhangacheri is Rs 226 per sq.ft, indicating that the guideline value of Sri Vijayalakshmi Nagar is above this median.

What are the stamp duty and registration fees for properties in Sri Vijayalakshmi Nagar?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Sri Vijayalakshmi Nagar?

The Sub Registrar Office for Sri Vijayalakshmi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.