Guideline Value for VIJAYA GARDEN COTTAGE

Vijaya Garden Cottage guideline value

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

How the guideline value of Vijaya Garden Cottage has changed

The guideline value for Vijaya Garden Cottage has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged in the 2023 revision at Rs 400 per sq.ft. The latest revision in 2024 also maintains the value at Rs 400 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, making the guideline value for Vijaya Garden Cottage above this median.

• Victory Avenue: Rs 400 per sq.ft (2024)
• Vetri Nagar: Rs 300 per sq.ft (2024)
• Vasantha Nagar: Rs 350 per sq.ft (2024)
• Vaisnavi Avenue Phase -I: Rs 350 per sq.ft (2024)
• Thirukumaran Nagar: Rs 300 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 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 is calculated at 7%, which totals Rs 28,000, and the registration fee is 2%, amounting to Rs 8,000. Together, the total cost for stamp duty and registration fee is 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.

Which Sub Registrar Office covers Vijaya Garden Cottage?

The Vijaya Garden Cottage falls under the jurisdiction of 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 Uthukkadu - A

The guideline value is a critical factor during the registration of property transactions in Uthukkadu - 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 of the two amounts is used to calculate the applicable duties and fees. This ensures that the state government receives the appropriate revenue from property transactions.

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?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision, which also had the same value. The value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase.

What is the land classification for Vijaya Garden Cottage?

Vijaya Garden Cottage is classified as Residential Special Type - II. This classification is important for understanding the regulations and guidelines that apply to the property.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles property registrations for the area.

How is stamp duty calculated for properties in Uthukkadu - A?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value of Rs 400 per sq.ft would incur a stamp duty of Rs 28,000 at a rate of 7%.