Guideline Value for VIJAY AVENUE 4TH STREET

Vijay Avenue 4th Street guideline value

The current guideline value of Vijay Avenue 4th Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Chitthalapakkam village under the Selaiyur SRO, classified as Residential Special Type - V.

How the guideline value of Vijay Avenue 4th Street has changed

The guideline value for Vijay Avenue 4th Street has undergone several revisions over the years. In the 2017 revision, the value was Rs 1,809 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 1,900 per sq.ft, marking a 5% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 5%.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft, which means that Vijay Avenue 4th Street's 2024 figure is below this median.

• Vijay Avenue: Rs 2,900 per sq.ft (2024)
• Vijay Avenue Extension: Rs 2,900 per sq.ft (2024)
• Vijayapuram Extension: Rs 2,900 per sq.ft (2024)
• Vijayapuram: Rs 2,900 per sq.ft (2024)
• Vignesh Street: Rs 2,700 per sq.ft (2024)
• Vigneshpuram: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vijay Avenue 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that 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 details.

Which Sub Registrar Office covers Vijay Avenue 4th Street?

The Vijay Avenue 4th Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Chitthalapakkam. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijay Avenue 4th Street?

The current guideline value of Vijay Avenue 4th Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has remained at Rs 1,809 per sq.ft until the 2024 revision, which increased it to Rs 1,900 per sq.ft, reflecting a 5% rise.

What are the guideline values for other streets in Chitthalapakkam?

Other streets in Chitthalapakkam have varying guideline values, with rates ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value is Rs 2,900 per sq.ft.

What is the stamp duty for property in Vijay Avenue 4th Street?

The stamp duty for property in Vijay Avenue 4th Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 1,33,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.