Guideline Value for Vijaya Nagar Extn

Vijaya Nagar Extn guideline value

The current guideline value of Vijaya Nagar Extn is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Nallamperumpedu village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vijaya Nagar Extn has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. The subsequent 2023 revision saw the value return to Rs 200 per sq.ft, and it has remained at this figure through the 2024 revision, which also lists the value at Rs 200 per sq.ft, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has experienced no net change. The significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 represents a 49% rise.

Guideline values in Nallamperumpedu

In Nallamperumpedu, there are five streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the guideline value of Vijaya Nagar Extn.

• Vijaya Nagar: Rs 200 per sq.ft (2024)
• Nallamperumbedu: Rs 175 per sq.ft (2024)
• Kamarajar Nagar: Rs 100 per sq.ft (2024)
• Ishwarya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Vijaya Nagar Extn?

The Vijaya Nagar Extn falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Nallamperumpedu. It serves as a benchmark for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijaya Nagar Extn?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024, resulting in a net change of 0% from 2012 to 2024.

What is the stamp duty for property in Vijaya Nagar Extn?

The stamp duty for property in Vijaya Nagar Extn is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the duty amounts to Rs 14,000.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is based on the higher of the guideline value or the sale price, ensuring accurate fee assessment.