Guideline Value for VIJAYA GREEN CITY PHASE II

Vijaya Green City Phase II guideline value

The current guideline value of Vijaya Green City Phase II is Rs 1,250 per sq.ft. This property is located in Nelllikuppam village under the Thiruporur SRO, classified as Residential Class I Type - II.

How the guideline value of Vijaya Green City Phase II has changed

The guideline value for Vijaya Green City Phase II has remained stable over the years. The 2017 revision recorded a guideline value of Rs 1,250 per sq.ft, which was consistent with the 2023 revision and the 2024 revision, both also at Rs 1,250 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, there has been no change in the guideline value, maintaining a consistent rate of Rs 1,250 per sq.ft across these revisions. The changes from 2023 to 2024 and from 2017 to 2023 also reflect a 0% increase, indicating stability in the guideline value during this period.

Guideline values in Nelllikuppam

Nelllikuppam village has 45 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value in the village is Rs 1,000 per sq.ft, placing Vijaya Green City Phase II above this median at Rs 1,250 per sq.ft.

• Vijaya Green City: Rs 1,200 per sq.ft (2024)
• Vijaya Green City Phase III: Rs 1,600 per sq.ft (2024)
• Vijaya Garden: Rs 1,200 per sq.ft (2024)
• Vgc- IV: Rs 1,600 per sq.ft (2024)
• Vanavil Isai Nila Enclave: Rs 1,200 per sq.ft (2024)
• The Enclave Extension: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Green City Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty at 7% would amount to Rs 87,500, and the registration fee at 2% would be Rs 25,000, bringing the total fees to Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vijaya Green City Phase II?

The Sub Registrar Office that covers Vijaya Green City Phase II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Nelllikuppam. It is used as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vijaya Green City Phase II?

The current guideline value of Vijaya Green City Phase II is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 1,250 per sq.ft since the 2017 revision, with no changes in subsequent revisions up to 2024.

What is the land classification for Vijaya Green City Phase II?

Vijaya Green City Phase II is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 12,50,000, the stamp duty would be Rs 87,500, and the registration fee would be Rs 25,000, totaling Rs 1,12,500.

Where can I find the Sub Registrar Office for Vijaya Green City Phase II?

The Sub Registrar Office for Vijaya Green City Phase II is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.