Guideline Value for VISALAKSHI NAGAR

Visalakshi Nagar guideline value

The current guideline value of Visalakshi Nagar is Rs 300 per sq.ft, as per the 2023 revision. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this region is Residential Class III Type - II.

How the guideline value of Visalakshi Nagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 300 per sq.ft again, representing a significant rise of 49% from the 2017 figure. Overall, from 2012 to 2023, there has been no change in the guideline value.

The register does not provide figures for the revisions in 2002, 2003, 2007, or 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific guideline values provided for other streets in Thozhuvur. The only available figure is for Visalakshi Nagar.

Stamp duty and registration fee for property in Visalakshi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Visalakshi Nagar?

The Sub Registrar Office that covers Visalakshi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thozhuvur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value. Buyers and sellers must be aware of the guideline value to understand the potential costs involved in the registration process.

When a property is sold, the registration office uses the guideline value to calculate the stamp duty and registration fees. This ensures that all transactions are documented accurately and that the appropriate taxes are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of Visalakshi Nagar?

The current guideline value of Visalakshi Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with the 2012 revision at Rs 300 per sq.ft, dropping to Rs 201 per sq.ft in 2017, and then returning to Rs 300 per sq.ft in 2023.

What is the stamp duty rate for properties in Visalakshi Nagar?

The stamp duty rate for properties in Visalakshi Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Visalakshi Nagar located?

The Sub Registrar Office for Visalakshi Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What land classification is Visalakshi Nagar under?

Visalakshi Nagar is classified as Residential Class III Type - II, which indicates its intended use for residential purposes.