Guideline Value for Vijaya Garden

Vijaya Garden guideline value

The current guideline value of Vijaya Garden in Nelllikuppam village is Rs 1,200 per sq.ft, effective from 1 July 2024. This property falls under the Thiruporur SRO and is classified as Mixed Special Type - I.

How the guideline value of Vijaya Garden has changed

The guideline value for Vijaya Garden has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged at Rs 1,200 per sq.ft in the 2023 revision. In the upcoming 2024 revision, the guideline value will also be Rs 1,200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the guideline value has also increased by 49%. The consistent value of Rs 1,200 per sq.ft in both 2023 and 2024 suggests stability in the guideline value during this period.

Guideline values in Nelllikuppam

Nelllikuppam village has 45 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Vijaya Garden's 2024 figure above this median.

• Vijaya Green City: Rs 1,200 per sq.ft (2024)
• Vijaya Green City Phase II: Rs 1,250 per sq.ft (2024)
• Vijaya Green City Phase III: Rs 1,600 per sq.ft (2024)
• Vgc- IV: Rs 1,600 per sq.ft (2024)
• Vanavil Isai Nila Enclave: Rs 1,200 per sq.ft (2024)
• The Enclave Extension: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost Rs 1,08,000. 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 Vijaya Garden?

The Vijaya Garden property falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijaya Garden?

The current guideline value of Vijaya Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024.

What is the land classification of Vijaya Garden?

Vijaya Garden is classified as Mixed Special Type - I, which is important for understanding its zoning and usage regulations.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vijaya Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty at 7% would be Rs 84,000.