Guideline Value for V.S.J.Nagar

V.S.J.Nagar guideline value

The current guideline value of V.S.J.Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Puthur village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of V.S.J.Nagar has changed

The guideline value for V.S.J.Nagar has seen several revisions over the years. The 2012 revision set the guideline value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision raised it to Rs 1,650 per sq.ft.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing V.S.J.Nagar above this median value.

• Vignesh Colony: Rs 550 per sq.ft (2024)
• United Colony: Rs 1,320 per sq.ft (2024)
• Thirumalai nagar Annex: Rs 1,100 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,100 per sq.ft (2024)
• Thanigaivel Nagar: Rs 330 per sq.ft (2024)
• Sunrise Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in V.S.J.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total charges Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers V.S.J.Nagar?

The Sub Registrar Office that covers V.S.J.Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of V.S.J.Nagar?

The current guideline value of V.S.J.Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between, including a drop to Rs 1,005 per sq.ft in 2017 and an increase to Rs 1,500 per sq.ft in 2023.

What is the land classification for V.S.J.Nagar?

The land classification for V.S.J.Nagar is Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty rates for property in V.S.J.Nagar?

The stamp duty rate for property in V.S.J.Nagar is 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for V.S.J.Nagar located?

The Sub Registrar Office for V.S.J.Nagar is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.