Guideline Value for VIKNARAJAPURAM VALLANCHERI (WARD -1)

Viknarajapuram Vallancheri (Ward -1) guideline value

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

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

The guideline value for Viknarajapuram Vallancheri has seen several revisions over the years. In 2012, the guideline value was Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and most recently, it rose to Rs 770 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, the guideline value has increased by 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 770 per sq.ft, and the current figure for Viknarajapuram Vallancheri aligns with this median.

• Vijayalakshmi Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Vijayalakshmi Nagar Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Vishnupriya Priya Avenue Ninnakarai: Rs 1,650 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 881 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, making the total cost for these fees 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 also use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Viknarajapuram Vallancheri (Ward -1) is 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thailavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the sale price cannot be lower than the guideline value. This ensures that all transactions are recorded at a value that reflects the current market conditions, as indicated by the guideline values set by the Registration Department.

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 for Viknarajapuram Vallancheri?

Viknarajapuram Vallancheri is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

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