Guideline Value for VIJAYAPPA NAIDU STREET

Vijayappa Naidu Street guideline value

The current guideline value of Vijayappa Naidu Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Vijayappa Naidu Street has changed

The guideline value for Vijayappa Naidu Street has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a 167% rise. However, it decreased to Rs 268 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 400 per sq.ft in 2023, and most recently, it increased to Rs 440 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Vijayappa Naidu Street's 2024 figure below that median.

• Vijayanaidu Street (Ward -17): Rs 550 per sq.ft (2024)
• Villier Colony (Ward -2): Rs 440 per sq.ft (2024)
• Villier Street Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)
• Villiery Palayam (Ward -15): Rs 440 per sq.ft (2024)
• Vignesh Nagar Ninnaikarai (Ward -19): Rs 660 per sq.ft (2024)
• Vignesh Nagar (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayappa Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total fees together Rs 39,600. 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 detailed calculations.

Which Sub Registrar Office covers Vijayappa Naidu Street?

The Sub Registrar Office that covers Vijayappa Naidu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Kattankollatur. It serves as a reference point for determining the value of the property, which is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value must be considered as it affects the cost of registration. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid to the authorities.

Frequently asked questions

What is the current guideline value of Vijayappa Naidu Street?

The current guideline value of Vijayappa Naidu Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 193% over this period.

What are the stamp duty and registration fees for property in Vijayappa Naidu Street?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Vijayappa Naidu Street?

The Chengleput Joint II Sub Registrar Office covers Vijayappa Naidu Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Vijayappa Naidu Street?

The land classification for Vijayappa Naidu Street is Residential Class II Type - II, indicating its suitability for residential development.