Guideline Value for VIJAYA GARDEN COTTAGE

Vijaya Garden Cottage guideline value

The current guideline value of Vijaya Garden Cottage is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Uthukadu-B village under the Walajabad SRO, classified as Residential Special Type - II.

How the guideline value of Vijaya Garden Cottage has changed

Looking at the revisions, the guideline value for Vijaya Garden Cottage has remained consistent at Rs 400 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 revision to the 2024 revision, there was no change, maintaining the guideline value at Rs 400 per sq.ft. This consistency indicates stability in the valuation for this property over the past year.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Vijaya Garden Cottage aligns perfectly with this median.

• S V P Garden: Rs 300 per sq.ft (2024)
• Suthanthira Ponvizha Nagar: Rs 300 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Garden Cottage

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these charges Rs 36,000. It is important to note that the 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 on these charges.

Which Sub Registrar Office covers Vijaya Garden Cottage?

The Vijaya Garden Cottage is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value is a crucial factor during the registration of property transactions in Uthukadu-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Vijaya Garden Cottage?

The current guideline value of Vijaya Garden Cottage is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There has been no change in the guideline value for Vijaya Garden Cottage from 2023 to 2024, remaining at Rs 400 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Vijaya Garden Cottage?

Vijaya Garden Cottage is classified as Residential Special Type - II. This classification impacts the guideline value and the potential uses of the property.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vijaya Garden Cottage?

The Walajabad Sub Registrar Office covers Vijaya Garden Cottage. It is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.