Guideline Value for VIJAYA NAGAR

Vijaya Nagar guideline value

The current guideline value of Vijaya Nagar, located in Vellanoor-2 village under the Avadi SRO, is Rs 555 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Vijaya Nagar has changed

In the 2023 revision, the guideline value for Vijaya Nagar was Rs 500 per sq.ft. With the 2024 revision, this value increased by 11% to Rs 555 per sq.ft. There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2017 for this street.

The only revisions that provide figures for Vijaya Nagar are from 2023 and 2024. The increase from Rs 500 to Rs 555 reflects the adjustments made in the guideline values over the past year.

Guideline values in Vellanoor-2

In Vellanoor-2, there are 31 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,800 per sq.ft. The median value for these streets is Rs 555 per sq.ft, which is equal to the guideline value for Vijaya Nagar.

• Thulasi Nagar: Rs 555 per sq.ft (2024)
• Thiruvallur Nagar: Rs 440 per sq.ft (2024)
• Thanigai Nagar: Rs 555 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 555 per sq.ft (2024)
• Sri Perumal Nagar: Rs 555 per sq.ft (2024)
• Sri Krishna Nagar: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value would be Rs 5,55,000. The stamp duty at 7% would amount to Rs 38,850, while the registration fee at 2% would be Rs 11,100. Together, the total cost for these fees would be Rs 49,950. 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 detailed calculations.

Which Sub Registrar Office covers Vijaya Nagar?

The Vijaya Nagar area falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanoor-2

The guideline value is a crucial factor in the registration process when buying or selling property in Vellanoor-2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at an appropriate value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Vijaya Nagar?

The current guideline value of Vijaya Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 500 per sq.ft in 2023 to Rs 555 per sq.ft in 2024, marking an 11% increase. There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the registration office for Vijaya Nagar?

The Avadi Sub Registrar Office covers Vijaya Nagar. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for property in Vijaya Nagar?

For a property valued at Rs 5,55,000, the stamp duty would be Rs 38,850 and the registration fee would be Rs 11,100, totaling Rs 49,950. These fees are calculated based on the guideline value or the sale price, whichever is higher.

What other streets have guideline values in Vellanoor-2?

Other streets in Vellanoor-2 include Thulasi Nagar, Thiruvallur Nagar, Thanigai Nagar, Sri Sakthi Nagar, Sri Perumal Nagar, and Sri Krishna Nagar, with guideline values ranging from Rs 440 to Rs 1,800 per sq.ft.