Guideline Value for Vijaya Narayana Doss Salai (Huts)

Vijaya Narayana Doss Salai (Huts) guideline value

The current guideline value of Vijaya Narayana Doss Salai (Huts) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO and is classified as Residential Class II Type - I.

How the guideline value of Vijaya Narayana Doss Salai (Huts) has changed

The guideline value for Vijaya Narayana Doss Salai has undergone several revisions over the years. In 2002, the value was Rs 404 per sq.ft, which increased to Rs 444 per sq.ft in 2003, marking a 10% rise. Following this, the value saw a significant jump to Rs 710 per sq.ft in 2007, representing a 60% increase. The next revision in 2012 maintained the value at Rs 5,000 per sq.ft, showing no change from the previous figure. In 2023, the guideline value was again set at Rs 5,000 per sq.ft, before rising to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1261%. Notably, there was no figure recorded for the year 2017 for this street in the register.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that have a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, positioning Vijaya Narayana Doss Salai (Huts) below this median.

• Vijaya Narayana Doss Salai: Rs 5,500 per sq.ft (2024)
• Victoria Hospital Road: Rs 2,700 per sq.ft (2024)
• Venkatrangam Pillai Street: Rs 8,800 per sq.ft (2024)
• Venkatrangam Pillai lane: Rs 6,600 per sq.ft (2024)
• Venkatrangam Pillai 2nd Lane: Rs 6,600 per sq.ft (2024)
• Wallajah Salai: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Narayana Doss Salai (Huts)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vijaya Narayana Doss Salai (Huts)?

The Sub Registrar Office that covers Vijaya Narayana Doss Salai (Huts) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the state government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Vijaya Narayana Doss Salai (Huts)?

The current guideline value of Vijaya Narayana Doss Salai (Huts) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 404 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, representing an overall increase of 1261% over the years.

What is the land classification for Vijaya Narayana Doss Salai (Huts)?

Vijaya Narayana Doss Salai (Huts) is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Vijaya Narayana Doss Salai (Huts) is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.