Guideline Value for VIJAYALAKSHMI AVENUE

Vijayalakshmi Avenue guideline value

The current guideline value of Vijayalakshmi Avenue is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Kaivandoor village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vijayalakshmi Avenue has changed

The guideline value register for Vijayalakshmi Avenue shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 750 per sq.ft, which remained unchanged in the 2024 revision, also set at Rs 750 per sq.ft, reflecting a 0% change between these two revisions.

This consistency in the guideline value indicates stability in the assessed value for this street over the past two years, with no revisions recorded for earlier years in the register.

Guideline values in Kaivandoor

In Kaivandoor, there are 9 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value, ranging from Rs 120 to Rs 750 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Vijayalakshmi Avenue's 2024 figure above that median.

• S.V.S Nagar: Rs 120 per sq.ft (2024)
• R.K.Nagar Town Ship: Rs 120 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 150 per sq.ft (2024)
• Gaja Lakshmi Nagar: Rs 150 per sq.ft (2024)
• Eswaran Nagar: Rs 150 per sq.ft (2024)
• Blooming Gardens Phase-II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayalakshmi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these fees Rs 67,500. 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 Vijayalakshmi Avenue?

The Vijayalakshmi Avenue falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To locate your nearest office, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Kaivandoor. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Vijayalakshmi Avenue?

The current guideline value of Vijayalakshmi Avenue is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vijayalakshmi Avenue has remained Rs 750 per sq.ft in both the 2023 and 2024 revisions, with no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Vijayalakshmi Avenue?

The land classification for Vijayalakshmi Avenue is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in Vijayalakshmi Avenue?

For a 1,000 sq.ft plot, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500 for these fees.

Which Sub Registrar Office covers Vijayalakshmi Avenue?

The Tiruvallur Joint 1 Sub Registrar Office covers Vijayalakshmi Avenue, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.