Guideline Value for VIJAYA LAJKSHMI NAGAR ANNEX

Vijaya Lajkshmi Nagar Annex guideline value

The current guideline value of Vijaya Lajkshmi Nagar Annex is Rs 300 per sq.ft, as per the 2023 revision. This area falls under Thozhuvur village and is classified as Residential Class III Type - II. The relevant Sub Registrar Office for this location is the Tiruvallur Joint 1 SRO.

How the guideline value of Vijaya Lajkshmi Nagar Annex has changed

Over the years, the guideline value of Vijaya Lajkshmi Nagar Annex has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, in the 2023 revision, the value increased to Rs 300 per sq.ft again. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

From the 2017 revision to the 2023 revision, there was an increase of 49%. In contrast, the change from the 2012 revision to the 2017 revision reflected a decrease of 33%. Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value.

Guideline values in Thozhuvur

Currently, there are no specific guideline values available for other streets in Thozhuvur. The only guideline value noted is for Vijaya Lajkshmi Nagar Annex at Rs 300 per sq.ft.

Stamp duty and registration fee for property in Vijaya Lajkshmi Nagar Annex

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, resulting in Rs 21,000, while the registration fee is 2%, amounting to Rs 6,000. Together, the total costs would be Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vijaya Lajkshmi Nagar Annex?

The Vijaya Lajkshmi Nagar Annex is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thozhuvur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions.

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

Frequently asked questions

What is the current guideline value of Vijaya Lajkshmi Nagar Annex?

The current guideline value of Vijaya Lajkshmi Nagar Annex is Rs 300 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, it increased by 49% from the 2017 revision to the 2023 revision, resulting in no overall change from 2012 to 2023.

What are the stamp duty and registration fees for properties in Vijaya Lajkshmi Nagar Annex?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For example, on a 1,000 sq.ft plot valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Where can I find the Sub Registrar Office for Vijaya Lajkshmi Nagar Annex?

The Sub Registrar Office covering Vijaya Lajkshmi Nagar Annex is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Thozhuvur with guideline values?

Currently, there are no specific guideline values available for other streets in Thozhuvur. The only guideline value noted is for Vijaya Lajkshmi Nagar Annex at Rs 300 per sq.ft.