Guideline Value for Vijaya Garden

Vijaya Garden guideline value

The current guideline value of Vijaya Garden, located in Attanthangal village under the Redhills SRO, is Rs 440 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Vijaya Garden has changed

The guideline value for Vijaya Garden has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 14 per sq.ft. This saw a significant increase to Rs 200 per sq.ft in 2007, marking a change of +1329%. The value then rose to Rs 400 per sq.ft in 2012, reflecting a 100% increase. However, it dropped to Rs 268 per sq.ft in 2017, which was a decrease of -33%. The value then increased again to Rs 400 per sq.ft in 2023, and finally, it reached Rs 440 per sq.ft in the 2024 revision, which is a +10% change from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by +3043%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Vijaya Garden is below this median.

• Vivekanandar Nagar Annex: Rs 550 per sq.ft (2024)
• Veerapandi Nagar: Rs 440 per sq.ft (2024)
• Throwbathiamman Nagar: Rs 550 per sq.ft (2024)
• Thiruvallur Nedunchalai: Rs 880 per sq.ft (2024)
• TATA Nagar: Rs 550 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 880 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. 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 details.

Which Sub Registrar Office covers Vijaya Garden?

The Sub Registrar Office that covers Vijaya Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Attanthangal. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the necessary fees. This ensures that the government receives the 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 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 14 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, showing an overall increase of +3043% over the years.

What are the stamp duty and registration fees for property in Vijaya Garden?

For a 1,000 sq.ft plot, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600 based on the current guideline value.

Which Sub Registrar Office covers Vijaya Garden?

The Redhills Sub Registrar Office covers Vijaya Garden, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification of Vijaya Garden?

Vijaya Garden falls under the Residential Class III Type - I land classification, which is important for understanding its usage and development potential.