Guideline Value for VIJAYANAGAR EXTENTION

Vijayanagar Extention guideline value

The current guideline value of Vijayanagar Extention is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Vijayanagar Extention has changed

The guideline value for Vijayanagar Extention has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, marking a 149% increase from 2017 to 2023 and a 0% change from 2023 to 2024. The overall change from 2012 to 2024 is an increase of 67%.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. The 2024 revision reflects a stable value compared to the previous year, indicating that the guideline value has remained consistent recently.

Guideline values in Athur B Block

In Athur B Block, there are 79 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing the guideline value of Vijayanagar Extention above this median.

• Vgn Water Gardens: Rs 700 per sq.ft (2024)
• VKR Gardens: Rs 1,440 per sq.ft (2024)
• V.R.K. Nagar: Rs 1,000 per sq.ft (2024)
• Venkateswara Nagar: Rs 500 per sq.ft (2024)
• Vasantham Nagar Phase1,2,3: Rs 700 per sq.ft (2024)
• Vasantham Nagar Extn: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayanagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Please 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 Vijayanagar Extention?

The Sub Registrar Office covering Vijayanagar Extention is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for additional assistance.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor during the registration process when buying or selling property in Athur B Block. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers ensure that they are compliant with local regulations and that the correct fees are paid during the property transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vijayanagar Extention?

The current guideline value of Vijayanagar Extention is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 67%. The value remained stable at Rs 1,000 per sq.ft from 2023 to 2024.

What are the other streets in Athur B Block and their guideline values?

Other streets in Athur B Block have varying guideline values, ranging from Rs 500 to Rs 1,440 per sq.ft. Streets include Vgn Water Gardens at Rs 700 per sq.ft and VKR Gardens at Rs 1,440 per sq.ft.

What fees are associated with buying property in Vijayanagar Extention?

When buying property in Vijayanagar Extention, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 90,000 based on the current guideline value.

Where is the Sub Registrar Office for Vijayanagar Extention located?

The Sub Registrar Office for Vijayanagar Extention is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations for the area.