Guideline Value for Vicas Avenue

Vicas Avenue guideline value

The current guideline value of Vicas Avenue is Rs 900 per sq.ft. This street is located in Unamancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Vicas Avenue has changed

Over the years, the guideline value for Vicas Avenue has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision, marking a 500% rise. However, in the 2017 revision, the value dropped to Rs 603 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 has brought the guideline value back up to Rs 900 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 500%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures provided for Unamancheri. Vicas Avenue is one of the streets in this area, and there are no other streets in Unamancheri listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Vicas Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 9,00,000. The stamp duty, charged at 7%, would amount to Rs 63,000, while the registration fee at 2% would be Rs 18,000. Together, the total fees would be Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vicas Avenue?

The Sub Registrar Office that covers Vicas Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Unamancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vicas Avenue?

The current guideline value of Vicas Avenue is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and returned to Rs 900 per sq.ft in 2023.

What is the land classification of Vicas Avenue?

Vicas Avenue is classified as Residential Special Type - II, indicating its designation for residential purposes.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 81,000.