Guideline Value for VIJAY RAJA HOMES PVT LTD

Vijay Raja Homes Pvt Ltd guideline value

The current guideline value for Vijay Raja Homes Pvt Ltd is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Korattur-A village, under the Avadi Sub Registrar Office (SRO), and classified as Residential Special Type - III.

How the guideline value of Vijay Raja Homes Pvt Ltd has changed

The guideline value for Vijay Raja Homes Pvt Ltd has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 500 per sq.ft. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value was Rs 500 per sq.ft. The changes reflect the adjustments made to the guideline value in response to various factors affecting property in the area.

Guideline values in Korattur-A

In Korattur-A, there are 10 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 2,050 per sq.ft. The median guideline value for these streets is Rs 1,025 per sq.ft, positioning Vijay Raja Homes Pvt Ltd's 2024 figure below that median.

• Sri Vari Nagar Phase I: Rs 440 per sq.ft (2024)
• Srivari Nagar: Rs 220 per sq.ft (2024)
• Sri Vari Garden: Rs 440 per sq.ft (2024)
• K.S.S.Sun City: Rs 440 per sq.ft (2024)
• Amber County By Urban Tree: Rs 1,500 per sq.ft (2024)
• Avni - 1/2b, 5/2, 9/1a, 9/1b, 9/2a, 9/2b, 10/1a: Rs 2,050 per sq.ft (2024)

Stamp duty and registration fee for property in Vijay Raja Homes Pvt Ltd

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, together amounting to Rs 49,500. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijay Raja Homes Pvt Ltd?

The Vijay Raja Homes Pvt Ltd property falls under the jurisdiction of the Avadi Sub Registrar Office. The address is 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 Korattur-A

The guideline value is a crucial factor during the registration of property transactions in Korattur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Vijay Raja Homes Pvt Ltd?

The current guideline value for Vijay Raja Homes Pvt Ltd is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vijay Raja Homes Pvt Ltd has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Vijay Raja Homes Pvt Ltd?

The land classification for Vijay Raja Homes Pvt Ltd is Residential Special Type - III, indicating the specific zoning regulations applicable to this property.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Vijay Raja Homes Pvt Ltd is the Avadi Sub Registrar Office, 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 Korattur-A?

Stamp duty for properties in Korattur-A is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be 7% of this amount.