Guideline Value for VIJAYA AVENUE

Vijaya Avenue guideline value

The current guideline value of Vijaya Avenue in Kizhakottyur village, under the Gooduvancheri SRO, is Rs 2,687 per sq.ft. This value reflects the latest revision from 2023. The land classification for this area is Mixed Type - II.

How the guideline value of Vijaya Avenue has changed

The guideline value for Vijaya Avenue has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 1,800 per sq.ft. This was a significant increase from the previous figures, with the current value of Rs 2,687 per sq.ft representing a 49% increase from the 2017 revision.

Regarding other revisions, the register shows no figures for the years 2002, 2003, 2007, 2012, and 2024. Therefore, the only available figures are from the 2017 and 2023 revisions.

Guideline values in Kizhakottyur

Currently, there are no specific village figures available for Kizhakottyur. Vijaya Avenue is the only street mentioned with a guideline value of Rs 2,687 per sq.ft. There are no other streets in Kizhakottyur under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Vijaya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,687 per sq.ft, the total guideline value would be Rs 26,87,000. The stamp duty, charged at 7%, would amount to Rs 1,88,090, while the registration fee at 2% would be Rs 53,740. Together, the total cost for stamp duty and registration would be Rs 2,41,830. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijaya Avenue?

The Sub Registrar Office that covers Vijaya Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Kizhakottyur. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is used to determine the applicable taxes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijaya Avenue?

The current guideline value of Vijaya Avenue is Rs 2,687 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since the last revision?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 1,800 per sq.ft to Rs 2,687 per sq.ft in 2023.

What are the registration fees for property in Vijaya Avenue?

The registration fee for property in Vijaya Avenue is 2% of the guideline value, which amounts to Rs 53,740 for a 1,000 sq.ft plot at the current rate.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

The stamp duty for property transactions is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 26,87,000, the stamp duty would be Rs 1,88,090.