Guideline Value for VIJAYARAJA AKSHAYA

Vijayaraja Akshaya guideline value

The current guideline value for Vijayaraja Akshaya is Rs 101 per sq.ft, effective from 1 July 2024. This village is located in Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Vijayaraja Akshaya has changed

The guideline value for Vijayaraja Akshaya has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 50 per sq.ft. This figure increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 100% increase over the six-year period. The most recent revision in 2024 saw a slight increase to Rs 101 per sq.ft, which is a 1% rise from the previous year.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 102%, reflecting the changes in the real estate landscape of the area.

Guideline values in Cheyyur - A

Vijayaraja Akshaya's guideline value of Rs 101 per sq.ft aligns with the median value of Rs 101 per sq.ft for the 64 streets in Cheyyur - A under the Cheyyur SRO, which range from Rs 100 to Rs 500 per sq.ft. Below are the guideline values for other streets in Cheyyur - A:

• Vijayaraja Anantham: Rs 101 per sq.ft (2024)
• Vinayagar Koil Street: Rs 100 per sq.ft (2024)
• V.K.R.Nagar: Rs 200 per sq.ft (2024)
• V.K.R.Street: Rs 200 per sq.ft (2024)
• VELLIMEDU COLONY MATHAKOIL 2st STREET: Rs 101 per sq.ft (2024)
• VELLIMEDU COLONY MATHAKOIL 1st STREET: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayaraja Akshaya

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty at 7% would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total cost for these charges to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price, whichever is applicable. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vijayaraja Akshaya?

The Vijayaraja Akshaya area falls under the jurisdiction of the Cheyyur Sub Registrar Office. The office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

When buying or selling property in Cheyyur - A, the guideline value is a critical factor in determining the registration fees and stamp duty. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that all transactions are conducted fairly and transparently.

At the time of registration, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Vijayaraja Akshaya?

The current guideline value for Vijayaraja Akshaya is Rs 101 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 50 per sq.ft to Rs 101 per sq.ft in 2024, reflecting an overall increase of 102% over the seven-year period.

What are the other streets in Cheyyur - A with their guideline values?

Other streets in Cheyyur - A include Vijayaraja Anantham at Rs 101 per sq.ft, Vinayagar Koil Street at Rs 100 per sq.ft, V.K.R.Nagar and V.K.R.Street at Rs 200 per sq.ft, and both VELLIMEDU COLONY MATHAKOIL 1st and 2nd STREETS at Rs 101 per sq.ft.

Where can I find the Cheyyur Sub Registrar Office?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated in Vijayaraja Akshaya?

Stamp duty in Vijayaraja Akshaya is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is charged on the guideline value.