Guideline Value

Corporate

Guideline Value for VIJAYAPURAM

₹2900/sq.ft.

The guideline value for Vijayapuram in Chitthalapakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2900 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 7% change. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chitthalapakkam

Village

Selaiyur

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹2900 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Vijayapuram

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Vijayapuram guideline value

The current guideline value of Vijayapuram, located in Chitthalapakkam village under the Selaiyur SRO, is Rs 2,900 per sq.ft, effective from 1 July 2024. This area is classified as Industries Type - I.

How the guideline value of Vijayapuram has changed

The guideline value for Vijayapuram has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was then reduced to Rs 1,809 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,700 per sq.ft, and the most recent 2024 revision has further raised it to Rs 2,900 per sq.ft.

In terms of percentage changes, the guideline value increased by 7% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, between the 2012 and 2017 revisions, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value is Rs 2,900 per sq.ft, which is equal to the current guideline value for Vijayapuram.

Stamp duty and registration fee for property in Vijayapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000. Together, the total fees would be Rs 2,61,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijayapuram?

The Sub Registrar Office that covers Vijayapuram is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Chitthalapakkam, the guideline value is a crucial factor in determining the stamp duty and registration fees payable. The guideline value serves as a benchmark for the property’s value and is used by the registration authorities to calculate the applicable fees.

It is essential to ensure that the sale price of the property meets or exceeds the guideline value, as the duty is charged on the higher of the two. This ensures that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Vijayapuram?

The current guideline value of Vijayapuram is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024, representing a 7% increase. The value also saw a significant increase of 49% from Rs 1,809 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2023.

What is the land classification for Vijayapuram?

Vijayapuram is classified as Industries Type - I, indicating its suitability for industrial activities.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for property in Vijayapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 29,00,000, the stamp duty at 7% would be Rs 2,03,000.