Guideline Value for Victory Nagar

Victory Nagar guideline value

The current guideline value of Victory Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Victory Nagar has changed

According to the guideline value register, there are no figures available for Victory Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 400 per sq.ft in the 2023 revision and remains the same in the 2024 revision, indicating no change between these two years.

The 2024 revision marks the current guideline value at Rs 400 per sq.ft, which is consistent with the previous year's figure. This reflects a change of +0% from 2023 to 2024.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 400 per sq.ft, making Victory Nagar's guideline value equal to this median.

• Victoria Town: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 400 per sq.ft (2024)
• Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Vishnupriya Nagar: Rs 400 per sq.ft (2024)
• Velavan Nagar: Rs 200 per sq.ft (2024)
• Velalar street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Victory Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 detailed calculations.

Which Sub Registrar Office covers Victory Nagar?

The Sub Registrar Office that covers Victory Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When registering a property, buyers and sellers must consider the guideline value to ensure compliance with local regulations. The registration office uses this value to calculate the applicable fees based on the property size and classification.

Frequently asked questions

What is the current guideline value of Victory Nagar?

The current guideline value of Victory Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Victory Nagar has remained constant at Rs 400 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for earlier revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Victory Nagar?

Victory Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Victory Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value is Rs 4,00,000, resulting in a total fee of Rs 36,000.

Which office handles the registration for Victory Nagar?

The Sriperumpudur Sub Registrar Office handles the registration for Victory Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.