Guideline Value for VIJAYA LAKSHMI AVENUE

Vijaya Lakshmi Avenue guideline value

The current guideline value of Vijaya Lakshmi Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Karanaipuducheri village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Vijaya Lakshmi Avenue has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. Following this, the guideline value increased significantly to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 1,200 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Vijaya Lakshmi Avenue above that median.

• Vijayalakshmi Nagar: Rs 1,642 per sq.ft (2024)
• Vinayagapuram 1st Street: Rs 1,000 per sq.ft (2024)
• Z.L.M.J. Lane: Rs 701 per sq.ft (2024)
• Uco Nagar: Rs 1,000 per sq.ft (2024)
• Tremain Project: Rs 804 per sq.ft (2024)
• Teacher's DJM City: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Lakshmi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 Lakshmi Avenue?

The Sub Registrar Office that covers Vijaya Lakshmi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Karanaipuducheri. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Vijaya Lakshmi Avenue?

The current guideline value of Vijaya Lakshmi Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with a significant decrease from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, followed by a return to Rs 1,200 per sq.ft in 2023 and 2024.

What is the registration fee for property in Vijaya Lakshmi Avenue?

The registration fee for property in Vijaya Lakshmi Avenue is calculated at 2% of the guideline value. For a property valued at Rs 12,00,000, the registration fee would be Rs 24,000.

Where can I find the Sub Registrar Office for Vijaya Lakshmi Avenue?

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

What is the median guideline value in Karanaipuducheri?

The median guideline value in Karanaipuducheri is Rs 802 per sq.ft, with Vijaya Lakshmi Avenue's guideline value being above this median at Rs 1,200 per sq.ft.