Guideline Value for VIJAYRAJA DHABOVAN

Vijayraja Dhabovan guideline value

The current guideline value of Vijayraja Dhabovan is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Nambakkam village, under the Oothukkottai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vijayraja Dhabovan has changed

The guideline value for Vijayraja Dhabovan has seen significant changes over the years. In the 2017 revision, the value was Rs 40 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a 150% increase from the 2017 figure. The guideline value remained at Rs 100 per sq.ft in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 150%.

Guideline values in Nambakkam

Currently, there are no specific guideline values provided for other streets in Nambakkam. The guideline value for Vijayraja Dhabovan stands at Rs 100 per sq.ft as of the 2024 revision.

Stamp duty and registration fee for property in Vijayraja Dhabovan

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijayraja Dhabovan?

The Vijayraja Dhabovan area is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. For further assistance, you can find your SRO.

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

The guideline value is a critical factor in the registration of property transactions in Nambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijayraja Dhabovan?

The current guideline value of Vijayraja Dhabovan is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 40 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, representing a 150% increase. It remained at Rs 100 per sq.ft in the 2024 revision.

Are there any guideline values for other streets in Nambakkam?

Currently, there are no specific guideline values provided for other streets in Nambakkam.

What are the stamp duty and registration fees for property in Vijayraja Dhabovan?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles the registration for Vijayraja Dhabovan?

The Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, handles the registration for Vijayraja Dhabovan.