Guideline Value for Vijaya Garden

Vijaya Garden guideline value

The current guideline value of Vijaya Garden, located in Nallur_2 village under the Redhills SRO, is Rs 400 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vijaya Garden has changed

The guideline value for Vijaya Garden has undergone several revisions over the years. The earliest recorded value was Rs 268 per sq.ft in the 2017 revision. This figure increased to Rs 400 per sq.ft in the 2023 revision, marking a significant change of +49% over the six-year period.

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Thus, the only values we can reference are from 2017 and 2023.

Guideline values in Nallur_2

Currently, there are no specific village figures provided for Nallur_2. Vijaya Garden is the only street mentioned under this village for which we have a guideline value. There are no other streets in Nallur_2 under the Redhills SRO.

Stamp duty and registration fee for property in Vijaya Garden

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijaya Garden?

The Vijaya Garden area falls under the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is a crucial factor when registering property transactions in Nallur_2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that the registration process is in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Vijaya Garden?

The current guideline value of Vijaya Garden is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 268 per sq.ft to Rs 400 per sq.ft in 2023, reflecting a change of +49%.

Are there any guideline values for previous revisions?

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for Vijaya Garden.

What is the stamp duty for property in Vijaya Garden?

The stamp duty for property in Vijaya Garden is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 28,000.

Where is the Redhills Sub Registrar Office located?

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