Guideline Value for Vajjiravel Nagar

Vajjiravel Nagar guideline value

The current guideline value of Vajjiravel Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Baraniputjur village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Vajjiravel Nagar has changed

The guideline value for Vajjiravel Nagar has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 250 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2012, marking a 340% rise. However, it then dropped to Rs 737 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 1,100 per sq.ft in 2023, and most recently, it has been set at Rs 1,210 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 384%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the current guideline value of Vajjiravel Nagar.

• Uma mageswari Nagar: Rs 1,210 per sq.ft (2024)
• Tvs Emerald Green Enclave: Rs 2,500 per sq.ft (2024)
• Vasanthapuram: Rs 1,210 per sq.ft (2024)
• Vasanthapuram Phase II: Rs 1,210 per sq.ft (2024)
• Theru veedhiyamman Koil Street: Rs 1,210 per sq.ft (2024)
• Thamu Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Vajjiravel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total cost for these fees would be Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vajjiravel Nagar?

The Sub Registrar Office that covers Vajjiravel Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Baraniputjur. It serves as a basis for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the transaction for taxation purposes. This ensures that the government receives the appropriate revenue based on the property's value as defined in the guideline value register.

Frequently asked questions

What is the current guideline value of Vajjiravel Nagar?

The current guideline value of Vajjiravel Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 384% over the years.

What are the stamp duty rates for properties in Vajjiravel Nagar?

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

Which office handles property registration in Vajjiravel Nagar?

The Kunrathur Sub Registrar Office handles property registration for Vajjiravel Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Where can I find more information about the guideline values in Baraniputjur?

More information about guideline values in Baraniputjur can be found in the guideline value register maintained by the Registration Department.