Guideline Value for Vijay Avenue

Vijay Avenue guideline value

The current guideline value of Vijay Avenue in Unamancheri village, under the Gooduvancheri SRO, is Rs 900 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Vijay Avenue has changed

The guideline value for Vijay Avenue has undergone several revisions since 2007. In the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 900 per sq.ft in the 2012 revision, marking an increase of 800%. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft, a decline of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 900 per sq.ft, reflecting an increase of 49% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 800%. Notably, there are no figures available for the years 2002, 2003, and 2024 for this street in the register.

Guideline values in Unamancheri

Currently, there are no specific guideline values provided for other streets in Unamancheri under the Gooduvancheri SRO. The only available guideline value is for Vijay Avenue, which stands at Rs 900 per sq.ft.

Stamp duty and registration fee for property in Vijay Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, while the registration fee at 2% would be Rs 18,000. Together, the total cost for these 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 Vijay Avenue?

The Vijay Avenue area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the 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 is a crucial factor when buying or selling property in Unamancheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any potential legal issues.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial implications of the transaction. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Vijay Avenue?

The current guideline value of Vijay 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 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and finally returned to Rs 900 per sq.ft in 2023.

What is the land classification for Vijay Avenue?

The land classification for Vijay Avenue is Residential Special Type - II, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is stamp duty calculated for properties in Vijay Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 63,000 at 7% of Rs 9,00,000.