Guideline Value for Vijay Farm House

Vijay Farm House guideline value

The current guideline value of Vijay Farm House is Rs 200 per sq.ft, effective from 1 July 2024. It is located in Thirupanthiyoor village under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Vijay Farm House has changed

Since the 2012 revision, the guideline value for Vijay Farm House has remained stable at Rs 200 per sq.ft as of the 2024 revision. The 2017 revision recorded a lower value of Rs 134 per sq.ft, which marked a significant increase of 49% to Rs 200 per sq.ft by the 2023 revision. Notably, the revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

The 2012 revision also noted a value of Rs 200 per sq.ft, indicating a decrease of 33% from the previous value in 2017. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Vijay Farm House is below this median.

• Vembullaimman Street: Rs 250 per sq.ft (2024)
• Umamageswari Nagar: Rs 200 per sq.ft (2024)
• Thomaiyar street: Rs 350 per sq.ft (2024)
• Thiruvallur Main Road(From PetrolBank To Anthoniyarpuram): Rs 450 per sq.ft (2024)
• Thirumanikuppam Salai: Rs 200 per sq.ft (2024)
• Swathi Nagar IV: Rs 612 per sq.ft (2024)

Stamp duty and registration fee for property in Vijay Farm House

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Please 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 Vijay Farm House?

The Vijay Farm House falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, 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 Thirupanthiyoor

The guideline value is a crucial factor in property transactions, as it determines the minimum value for registration purposes. When buying or selling property in Thirupanthiyoor, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. The registration office will refer to this value to assess the applicable fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for Vijay Farm House?

The current guideline value for Vijay Farm House is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. There are no recorded figures for the years 2002, 2003, and 2007.

What are the other streets in Thirupanthiyoor with their guideline values?

Other streets in Thirupanthiyoor include Vembullaimman Street at Rs 250 per sq.ft, Umamageswari Nagar and Thirumanikuppam Salai both at Rs 200 per sq.ft, Thomaiyar street at Rs 350 per sq.ft, Thiruvallur Main Road at Rs 450 per sq.ft, and Swathi Nagar IV at Rs 612 per sq.ft.

How is stamp duty calculated for properties in Vijay Farm House?

Stamp duty for properties in Vijay Farm House is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.

Which Sub Registrar Office should I approach for transactions in Vijay Farm House?

The Sunguvarchattram Sub Registrar Office covers transactions for Vijay Farm House. It is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.