Guideline Value for Vijaya Sankara Nagar

Vijaya Sankara Nagar guideline value

The current guideline value of Vijaya Sankara Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Vijaya Sankara Nagar has changed

In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This figure remained unchanged at Rs 700 per sq.ft in the subsequent revisions of 2023 and 2024, reflecting a significant increase of 49% from 2017 to 2023 and maintaining the same value from 2023 to 2024.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only available revisions are from 2017, 2023, and 2024, with the most recent revision indicating a stable guideline value of Rs 700 per sq.ft.

Guideline values in Sriperumbudur A

Vijaya Sankara Nagar's guideline value of Rs 700 per sq.ft is equal to the median value of Rs 700 per sq.ft among the 238 streets in Sriperumbudur A under the Sriperumpudur SRO, which range from Rs 400 to Rs 3,000 per sq.ft.

• Vimala Nagar: Rs 700 per sq.ft (2024)
• Vinayaga nagar: Rs 700 per sq.ft (2024)
• Vignesh Nagar: Rs 700 per sq.ft (2024)
• Vinus garden: Rs 700 per sq.ft (2024)
• V.G.P Santhosh Nagar: Rs 700 per sq.ft (2024)
• V.G.P Santhosapuram Part I: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vijaya Sankara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, leading to a total of Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijaya Sankara Nagar?

The Sub Registrar Office that covers Vijaya Sankara Nagar is 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 Sriperumbudur A

The guideline value is a critical factor in the registration process for property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value will be assessed to ensure that the correct fees are applied. Buyers and sellers must be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vijaya Sankara Nagar?

The current guideline value of Vijaya Sankara Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2023, with a significant increase of 49% from Rs 469 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the stamp duty and registration fees for property in Vijaya Sankara Nagar?

The stamp duty for a property valued at Rs 7,00,000 is Rs 49,000, while the registration fee is Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Vijaya Sankara Nagar?

The Sriperumpudur Sub Registrar Office covers Vijaya Sankara Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification of Vijaya Sankara Nagar?

Vijaya Sankara Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.