Guideline Value for Vijayalakashmi Nagar

Vijayalakashmi Nagar guideline value

The current guideline value of Vijayalakashmi Nagar is Rs 900 per sq.ft, as per the 2023 revision. This area falls under Rathinamangalam village and is classified as Residential Special Type - I. The relevant Sub Registrar Office for this locality is Gooduvancheri SRO.

How the guideline value of Vijayalakashmi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 900 per sq.ft again, reflecting a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 900 per sq.ft. The register does not contain figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. The guideline value for Vijayalakashmi Nagar is Rs 900 per sq.ft, and there are no other streets in Rathinamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Vijayalakashmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijayalakashmi Nagar?

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

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

The guideline value plays a crucial role during the registration of property transactions in Rathinamangalam. It is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the Registration Department.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact their financial planning.

Frequently asked questions

What is the current guideline value of Vijayalakashmi Nagar?

The current guideline value of Vijayalakashmi Nagar is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, followed by an increase back to Rs 900 per sq.ft in 2023.

What is the land classification of Vijayalakashmi Nagar?

Vijayalakashmi Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Vijayalakashmi Nagar?

The Sub Registrar Office for Vijayalakashmi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vijayalakashmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 900 per sq.ft results in a guideline value of Rs 9,00,000, leading to a stamp duty of Rs 63,000.