Guideline Value for Vijaya Nagar

Vijaya Nagar guideline value

The current guideline value of Vijaya Nagar in Nallamperumpedu village is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Vijaya Nagar has changed

The guideline value for Vijaya Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. Following this, the 2023 revision brought it back to Rs 200 per sq.ft, and the current 2024 revision also maintains this value at Rs 200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it experienced a significant increase of 49%. Overall, when comparing the guideline value from 2012 to 2024, there has been no change, remaining at Rs 200 per sq.ft.

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 for Vijaya Nagar.

• Vijaya Nagar Extn: 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

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

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vijaya Nagar?

The Vijaya Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Nallamperumpedu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable for the transaction.

It is essential for buyers and sellers to be aware of the current guideline value as it directly influences the costs associated with property registration. Understanding these values helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Vijaya Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. It decreased to Rs 134 per sq.ft in 2017 from Rs 200 per sq.ft in 2012.

What is the land classification of Vijaya Nagar?

Vijaya Nagar is classified as Residential Special Type - I under the current guideline value register.

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 stamp duty calculated for properties in Vijaya Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 14,000.