Guideline Value for VIDYODAYA 2ND CROSS STREET

Vidyodaya 2nd Cross Street guideline value

The current guideline value of Vidyodaya 2nd Cross Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the jurisdiction of the Thiyagaraya nagar SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Vidyodaya 2nd Cross Street has changed

The guideline value for Vidyodaya 2nd Cross Street has undergone several revisions since 2002. The values started at Rs 1,296 per sq.ft in 2002, which increased to Rs 1,439 per sq.ft in 2003. By 2007, the value rose significantly to Rs 3,000 per sq.ft, and then it reached Rs 10,000 per sq.ft in 2012. However, it dropped to Rs 6,700 per sq.ft in 2017. The value then increased to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

Between these revisions, there were notable changes. From 2002 to 2003, the increase was +11%. The value surged by +108% from 2003 to 2007. The rise continued with a +233% increase from 2007 to 2012. However, there was a decline of -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and finally, there was a +10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +749%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, which is equal to the 2024 guideline value of Vidyodaya 2nd Cross Street.

• Vidyodaya Colony 1st Main Road: Rs 11,000 per sq.ft (2024)
• Vidyodaya Ist Cross Street: Rs 11,000 per sq.ft (2024)
• Vidyodaya Main Road: Rs 11,000 per sq.ft (2024)
• Vijayaraghava Chari Road: Rs 17,600 per sq.ft (2024)
• Vijayaraghavachari Road Ist Street: Rs 13,200 per sq.ft (2024)
• Vivekanandan Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vidyodaya 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, making the total fees Rs 9,90,000. 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vidyodaya 2nd Cross Street?

The Sub Registrar Office that covers Vidyodaya 2nd Cross Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. For more details, you can find your SRO.

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

The guideline value is an important factor when registering property in Tnagar. It determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the transaction.

When you buy or sell property, the guideline value serves as a benchmark for the transaction value. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Vidyodaya 2nd Cross Street?

The current guideline value of Vidyodaya 2nd Cross Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,296 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, showing an overall increase of +749% over the years.

What are the stamp duty rates for property in Vidyodaya 2nd Cross Street?

The stamp duty for property in Vidyodaya 2nd Cross Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Thiyagaraya nagar Sub Registrar Office located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification for Vidyodaya 2nd Cross Street?

The land classification for Vidyodaya 2nd Cross Street is Residential Special Type - I.