Guideline Value for VIJAYA VISHNU NAGAR

Vijaya Vishnu Nagar guideline value

The current guideline value of Vijaya Vishnu Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this street is New House Site Type -III (Approved Lay-Out).

How the guideline value of Vijaya Vishnu Nagar has changed

The guideline value for Vijaya Vishnu Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the most recent 2024 revision has raised it further to Rs 770 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but it increased by 49% from 2017 to 2023. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value per sq.ft.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO with a guideline value for 2024 ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Vijaya Vishnu Nagar's 2024 figure below this median.

• Vijaya Vishnu Nagar Phase-II: Rs 775 per sq.ft (2024)
• Viruksham Avenue: Rs 775 per sq.ft (2024)
• Vishnu Nagar: Rs 770 per sq.ft (2024)
• V J K Nagar: Rs 1,110 per sq.ft (2024)
• V.S.N.Avenue: Rs 1,110 per sq.ft (2024)
• VENGATESWARA NAGAR (190/1a/1a2b/1b): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Vishnu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijaya Vishnu Nagar?

The Sub Registrar Office that covers Vijaya Vishnu Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mathuranthagam. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property. The guideline value is set by the government and is regularly revised to reflect changes in the market.

When selling property, the guideline value helps in establishing a baseline for the sale price. Buyers and sellers must consider this value to ensure compliance with registration requirements and to accurately calculate the associated fees.

Frequently asked questions

What is the current guideline value of Vijaya Vishnu Nagar?

The current guideline value of Vijaya Vishnu Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

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

For a 1,000 sq.ft plot valued at Rs 7,70,000, the stamp duty is Rs 53,900 and the registration fee is Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office covers Vijaya Vishnu Nagar?

The Madurandakam Sub Registrar Office covers Vijaya Vishnu Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Vijaya Vishnu Nagar?

The land classification for Vijaya Vishnu Nagar is New House Site Type -III (Approved Lay-Out).