Guideline Value for VIJAYAPURAM

Vijayapuram guideline value

The current guideline value of Vijayapuram in Perumattu Nellore village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Vijayapuram has changed

The guideline value for Vijayapuram has undergone several revisions over the years. In 2007, the guideline value was Rs 80 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017. The most recent revisions in 2023 and 2024 maintained the guideline value at Rs 500 per sq.ft, showing no change.

Overall, from 2007 to 2024, the guideline value has increased by 525%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Vijayapuram's 2024 figure below this median.

• Vijay Avenue: Rs 500 per sq.ft (2024)
• Vimal Nagar: Rs 700 per sq.ft (2024)
• Vetri Velan Nagar: Rs 500 per sq.ft (2024)
• Varadharaji Nagar: Rs 800 per sq.ft (2024)
• Vanavil Avenue: Rs 501 per sq.ft (2024)
• Vaigai Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vijayapuram?

The Vijayapuram area falls under 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 more details.

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

The guideline value plays a crucial role during property registration in Perumattu Nellore. It is used to calculate the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is determined by the local authorities and is updated periodically to reflect changes in the real estate market.

When registering a property, buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijayapuram?

The current guideline value of Vijayapuram is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then dropped to Rs 335 per sq.ft in 2017, and remained at Rs 500 per sq.ft in both 2023 and 2024.

What is the median guideline value in Perumattu Nellore?

The median guideline value for streets in Perumattu Nellore is Rs 700 per sq.ft, with Vijayapuram's 2024 figure being below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Vijayapuram is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vijayapuram?

The Sub Registrar Office covering Vijayapuram is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.