Guideline Value for Vijaya Nagar

Vijaya Nagar guideline value

The current guideline value of Vijaya Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Vijaya Nagar has changed

The guideline value for Vijaya Nagar has seen several revisions over the years. In 2002, the guideline value was set at Rs 57 per sq.ft. This figure increased significantly to Rs 328 per sq.ft in 2007, marking a change of +475%. The value then rose to Rs 1,000 per sq.ft in 2012, which represented a substantial increase of +205%. However, from 2012 to 2017, there was a decrease to Rs 670 per sq.ft, a change of -33%. The value rebounded to Rs 1,000 per sq.ft in 2023, and there was no change from 2023 to 2024.

Overall, from 2002 to 2024, the guideline value has increased by +1,654%. The register does not have a figure for the year 2003 for this street.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Vijaya Nagar's 2024 figure below that median.

• Viswanathapuram: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar Part-I: Rs 2,000 per sq.ft (2024)
• Yamuna Nagar: Rs 1,000 per sq.ft (2024)
• Zion Nagar: Rs 1,500 per sq.ft (2024)
• Veerabagu Nagar Extn: Rs 2,000 per sq.ft (2024)
• Veerabagu Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vijaya Nagar?

The Sub Registrar Office that covers Vijaya Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandhivaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory charges during the registration process. Buyers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vijaya Nagar?

The current guideline value of Vijaya Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 57 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, showing an overall increase of +1,654% over the years.

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

Other streets in Nandhivaram include Viswanathapuram at Rs 2,000 per sq.ft, Venkateswara Nagar Part-I at Rs 2,000 per sq.ft, and Yamuna Nagar at Rs 1,000 per sq.ft, among others.

What fees are associated with buying property in Vijaya Nagar?

When buying property in Vijaya Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 90,000.

Which office handles property registrations in Vijaya Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations in Vijaya Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202.