Guideline Value for VICTORIA ELSIE GEORGE GARDEN PHASE - I

Victoria Elsie George Garden Phase - I guideline value

The current guideline value of Victoria Elsie George Garden Phase - I is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Nadukuthagai village, under the Avadi SRO, with a land classification of Mixed Type - II.

How the guideline value of Victoria Elsie George Garden Phase - I has changed

The guideline value for Victoria Elsie George Garden Phase - I has seen several revisions over the years. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 1,650 per sq.ft, an increase from Rs 1,500 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value from the 2017 revision, which also recorded Rs 1,500 per sq.ft.

Prior to these revisions, the register has no figures for the years 2012, 2007, 2003, and 2002. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Nadukuthagai

In Nadukuthagai, there are 35 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,980 per sq.ft. The median guideline value in this village is Rs 880 per sq.ft, placing the Victoria Elsie George Garden Phase - I guideline value above that median.

• Victoria Elise George Garden: Rs 880 per sq.ft (2024)
• Vidhya Nagar: Rs 1,100 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 600 per sq.ft (2024)
• Thirumalai Nagar / Sri Thirumalai Nagar: Rs 440 per sq.ft (2024)
• Sun City: Rs 1,100 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Victoria Elsie George Garden Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total 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 charges to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Victoria Elsie George Garden Phase - I?

The Sub Registrar Office that covers Victoria Elsie George Garden Phase - I is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nadukuthagai. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable charges. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Victoria Elsie George Garden Phase - I?

The current guideline value of Victoria Elsie George Garden Phase - I 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 increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. There was no change in the value from 2017 to 2023, and the overall increase from 2017 to 2024 is 10%.

What is the land classification of Victoria Elsie George Garden Phase - I?

The land classification of Victoria Elsie George Garden Phase - I is Mixed Type - II, which indicates the type of development allowed in this area.

Where is the Sub Registrar Office for this property located?

The Sub Registrar Office for Victoria Elsie George Garden Phase - I is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Nadukuthagai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at a rate of 7%.