Guideline Value for Vijaya Narayana Doss Salai

Vijaya Narayana Doss Salai guideline value

The current guideline value of Vijaya Narayana Doss Salai is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Vijaya Narayana Doss Salai has changed

The guideline value for Vijaya Narayana Doss Salai has seen significant changes over the years. The register shows that in 2002, the guideline value was Rs 674 per sq.ft. This increased to Rs 740 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 1,250 per sq.ft in 2007, reflecting an increase of 69%. Following this, in 2012, the guideline value decreased to Rs 6,000 per sq.ft, a drop of 33%. In 2017, it increased again to Rs 4,020 per sq.ft, and then in 2023, it further increased to Rs 6,000 per sq.ft.

The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 879%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the guideline value of Vijaya Narayana Doss Salai.

• Vijaya Narayana Doss Salai (Huts): 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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would then be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total cost for these fees Rs 5,94,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vijaya Narayana Doss Salai?

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

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

The guideline value is a critical factor in the registration process of property transactions in Triplicane. It is used to calculate the stamp duty and registration fees that are applicable when buying or selling property. This value ensures that the transaction is recorded accurately and fairly according to the set guidelines.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Vijaya Narayana Doss Salai is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 674 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 879%.

What are the registration fees for property in Vijaya Narayana Doss Salai?

The registration fees are calculated based on the guideline value. For a property valued at Rs 66,00,000, the total registration fees would amount to Rs 5,94,000.

Which office handles property registrations in Triplicane?

The Triplicane Sub Registrar Office handles property registrations in Triplicane, located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the process is conducted according to established regulations.