Guideline Value for Vijayalakshmi Pandit Street

Vijayalakshmi Pandit Street guideline value

The current guideline value of Vijayalakshmi Pandit Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Vijayalakshmi Pandit Street has changed

The guideline value for Vijayalakshmi Pandit Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft. This was followed by a significant increase in 2023, where the value rose to Rs 1,600 per sq.ft, marking a 49% increase from the previous revision. The latest revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% rise from the 2023 figure.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

Anakaputhur has a total of 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Vijayalakshmi Pandit Street's 2024 figure below this median.

• Vijayalakshmi Pandit 2nd Street: Rs 1,760 per sq.ft (2024)
• Vijayalakshmi Pandit 1st Street: Rs 1,760 per sq.ft (2024)
• Vijayalakshmi Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Vijayalakshmi Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 1,980 per sq.ft (2024)
• Vinayaga Nagar: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayalakshmi Pandit Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these charges to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vijayalakshmi Pandit Street?

The Vijayalakshmi Pandit Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value helps ensure compliance with legal requirements and accurate financial planning. Buyers and sellers should always refer to the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vijayalakshmi Pandit Street?

The current guideline value of Vijayalakshmi Pandit Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking a total increase of 64% over this period.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Vijayalakshmi Pandit Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for the 501 streets in Anakaputhur under the Pammal SRO is Rs 1,980 per sq.ft, with Vijayalakshmi Pandit Street's current value being below this median.