Guideline Value for VICTORY VALLEY PHASE V

Victory Valley Phase V guideline value

The current guideline value of Victory Valley Phase V is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Echoor village under the Thirukazhukundram SRO, and it falls under the Mixed Type - II land classification.

How the guideline value of Victory Valley Phase V has changed

The guideline value for Victory Valley Phase V has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 201 per sq.ft. This value increased to Rs 300 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and maintaining the same rate from 2023 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Echoor

In Echoor village, there are four streets under the Thirukazhukundram SRO that carry a 2024 guideline value figure, ranging from Rs 150 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, making the 2024 figure for Victory Valley Phase V above that median.

• Sai City: Rs 250 per sq.ft (2024)
• Shayna Garden Phase -I: Rs 150 per sq.ft (2024)
• Victory Vally Phase IV Daffodlls: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Victory Valley Phase V

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Victory Valley Phase V?

The Sub Registrar Office that covers Victory Valley Phase V is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Echoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair and standardized rate.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Victory Valley Phase V?

The current guideline value of Victory Valley Phase V is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Echoor with guideline values?

In Echoor, other streets with guideline values include Sai City at Rs 250 per sq.ft, Shayna Garden Phase -I at Rs 150 per sq.ft, and Victory Vally Phase IV Daffodlls at Rs 250 per sq.ft for 2024.

How is stamp duty calculated for properties in Victory Valley Phase V?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 21,000.

Where can I find the Sub Registrar Office for Victory Valley Phase V?

The Sub Registrar Office for Victory Valley Phase V is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more details by visiting the relevant link.