Guideline Value for Vijayalakshmi 3st cross Street

Vijayalakshmi 3st cross Street guideline value

The current guideline value of Vijayalakshmi 3st cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Vijayalakshmi 3st cross Street has changed

The guideline value for Vijayalakshmi 3st cross Street has undergone several revisions over the years. The earliest available figures show a guideline value of Rs 1,000 per sq.ft in 2012, which was then revised to Rs 670 per sq.ft in 2017. The subsequent revision in 2023 increased the value to Rs 1,000 per sq.ft, followed by the current value of Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the 2012 and 2017 revisions, there was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, placing the 2024 figure for Vijayalakshmi 3st cross Street below this median.

• Vijayalakshmi 2st cross Street: Rs 1,100 per sq.ft (2024)
• Vijayalakshmi 4st cross Street: Rs 1,100 per sq.ft (2024)
• Vijayalakshmi 1st cross Street: Rs 1,100 per sq.ft (2024)
• Vijayalakshmi Street: Rs 1,100 per sq.ft (2024)
• Vimal Avenue: Rs 1,650 per sq.ft (2024)
• Vinayagar Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayalakshmi 3st cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vijayalakshmi 3st cross Street?

The Vijayalakshmi 3st cross Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Peerklankaranai. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees during the buying or selling process.

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

Frequently asked questions

What is the current guideline value of Vijayalakshmi 3st cross Street?

The current guideline value of Vijayalakshmi 3st cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, increased to Rs 1,000 per sq.ft in 2023, and is now Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft for the year 2024, with Vijayalakshmi 3st cross Street's value being below this median.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total registration costs would be Rs 99,000.

Which office handles registrations for Vijayalakshmi 3st cross Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Vijayalakshmi 3st cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.