Guideline Value for VIKNARAJAPURAM VALLANCHERI (WARD -1)

Viknarajapuram Vallancheri (Ward -1) guideline value

The current guideline value for Viknarajapuram Vallancheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Viknarajapuram Vallancheri (Ward -1) has changed

The guideline value for Viknarajapuram Vallancheri has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the most recent 2024 revision raised it further to Rs 770 per sq.ft. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Potheri

Potheri has a total of 129 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,970 per sq.ft. The median value is Rs 770 per sq.ft, making Viknarajapuram Vallancheri's 2024 figure equal to this median.

• Vijayalakshmi Nagar (Ward-21): Rs 770 per sq.ft (2024)
• Vijayalakshmi Nagar Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Vishnupriya Priya Avenue Ninnakarai: Rs 1,651 per sq.ft (2024)
• Vivekananthar Street (Ward-21): Rs 660 per sq.ft (2024)
• Vgp Mount Mary Town (Ward -1): Rs 1,100 per sq.ft (2024)
• V.O.C Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Viknarajapuram Vallancheri (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Viknarajapuram Vallancheri (Ward -1)?

The Chengleput Joint II Sub Registrar Office covers Viknarajapuram Vallancheri (Ward -1). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Potheri. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with registration. Buyers and sellers should ensure they are informed about these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Viknarajapuram Vallancheri (Ward -1)?

The current guideline value of Viknarajapuram Vallancheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of Viknarajapuram Vallancheri?

The land classification for Viknarajapuram Vallancheri is Residential Class I Type - III.

Which registration office covers this area?

The Chengleput Joint II Sub Registrar Office covers Viknarajapuram Vallancheri (Ward -1), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duties calculated in Viknarajapuram Vallancheri?

Stamp duties are calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 7,70,000, the stamp duty would be Rs 53,900, along with a registration fee of Rs 15,400.