Guideline Value for VB AKSHAYA NAGAR

Vb Akshaya Nagar guideline value

The current guideline value of Vb Akshaya Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Vb Akshaya Nagar has changed

The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for Vb Akshaya Nagar. In the 2023 revision, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 1,650 per sq.ft in the 2024 revision, reflecting a change of +10%.

Prior to the 2023 revision, there are no figures available for this street. The most recent revision shows a significant increase, indicating a higher valuation compared to the previous year.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Vb Akshaya Nagar's 2024 figure above this median.

• Veerannan Street: Rs 2,200 per sq.ft (2024)
• Veerapandiyakottabomman Street: Rs 1,100 per sq.ft (2024)
• Veeraragavan Street: Rs 1,100 per sq.ft (2024)
• Varadharaja Nagar: Rs 680 per sq.ft (2024)
• Vanjinathan Street: Rs 1,650 per sq.ft (2024)
• Vembuliamman Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Vb Akshaya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please 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 details.

Which Sub Registrar Office covers Vb Akshaya Nagar?

The Sub Registrar Office that covers Vb Akshaya Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO here.

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

The guideline value plays a crucial role during the registration process of property transactions in Thiruvallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling a property, the guideline value is referenced to determine the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of either the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Vb Akshaya Nagar?

The current guideline value of Vb Akshaya 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 2023 to Rs 1,650 per sq.ft in 2024, reflecting an increase of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Thiruvallur?

The median guideline value for streets in Thiruvallur is Rs 1,100 per sq.ft. Vb Akshaya Nagar's 2024 figure of Rs 1,650 per sq.ft is above this median.

What are the registration fees for property in Vb Akshaya Nagar?

The registration fees for a property in Vb Akshaya Nagar include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 16,50,000, the total fees would amount to Rs 1,48,500.

Which office handles the registration for Vb Akshaya Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Vb Akshaya Nagar. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.