Guideline Value for VIDHAYA NAGAR

Vidhaya Nagar guideline value

The current guideline value of Vidhaya Nagar is Rs 134 per sq.ft, effective from 1 July 2024. This area is located in Kurumpirai village and falls under the Salavakkam SRO. The land classification for this street is Residential Class I Type - IV.

How the guideline value of Vidhaya Nagar has changed

The guideline value for Vidhaya Nagar has remained consistent over the years. In the 2017 revision, the guideline value was Rs 134 per sq.ft, which was unchanged in the 2023 revision. The most recent 2024 revision also maintains this figure at Rs 134 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2024, there has been no change in the guideline value, with a consistent rate of Rs 134 per sq.ft across the revisions from 2017 to 2024. The changes between the 2023 and 2024 revisions also reflect a stable rate, showing an increase of 0%.

Guideline values in Kurumpirai

In Kurumpirai village, there are 9 streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 134 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, placing Vidhaya Nagar above this median at Rs 134 per sq.ft.

• Senthamizh Nagar: Rs 100 per sq.ft (2024)
• Rainbow Nagar Phase-1: Rs 102 per sq.ft (2024)
• Rainbow Nagar: Rs 102 per sq.ft (2024)
• Om Sakthi Sai Nagar: Rs 100 per sq.ft (2024)
• Nehru Nagar: Rs 100 per sq.ft (2024)
• Iswaryam Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Vidhaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 134 per sq.ft, the total guideline value amounts to Rs 1,34,000. The stamp duty, calculated at 7%, would be Rs 9,380, while the registration fee at 2% would be Rs 2,680, bringing the total fees to Rs 12,060. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vidhaya Nagar?

The Sub Registrar Office that covers Vidhaya Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kurumpirai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and consistent across all properties in the area.

Frequently asked questions

What is the current guideline value of Vidhaya Nagar?

The current guideline value of Vidhaya Nagar is Rs 134 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 134 per sq.ft from 2017 to 2024, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Vidhaya Nagar?

Vidhaya Nagar is classified as Residential Class I Type - IV, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Vidhaya Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,34,000. The stamp duty at 7% amounts to Rs 9,380, and the registration fee at 2% is Rs 2,680, totaling Rs 12,060.

Which office handles registrations for Vidhaya Nagar?

The Salavakkam Sub Registrar Office handles registrations for Vidhaya Nagar, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.