Guideline Value for Vijayaragavachari Street

Vijayaragavachari Street guideline value

The current guideline value of Vijayaragavachari Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. It is classified as Residential Class I Type - I.

How the guideline value of Vijayaragavachari Street has changed

Over the years, the guideline value of Vijayaragavachari Street has seen several revisions. The figures are as follows: in 2012, the value was Rs 3,300 per sq.ft, which decreased to Rs 2,211 per sq.ft in 2017. The value then increased to Rs 3,300 per sq.ft in 2023, and finally, it rose to Rs 3,600 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, which is equal to the guideline value of Vijayaragavachari Street.

• Vijayaragavachari 1st cross Street: Rs 3,600 per sq.ft (2024)
• Vinobaji Street: Rs 3,600 per sq.ft (2024)
• VGN Victoria Park Extention: Rs 8,209 per sq.ft (2024)
• VGN Victoria Park: Rs 8,209 per sq.ft (2024)
• V.G.N. Shanthi Nagar: Rs 5,100 per sq.ft (2024)
• Vgn Oval Gardens: Rs 8,209 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayaragavachari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Vijayaragavachari Street?

The Sub Registrar Office that covers Vijayaragavachari Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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 government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijayaragavachari Street?

The current guideline value of Vijayaragavachari Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What are the stamp duty rates for property in Vijayaragavachari Street?

The stamp duty for property transactions in Vijayaragavachari Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vijayaragavachari Street?

The Sub Registrar Office for Vijayaragavachari Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Vijayaragavachari Street?

Vijayaragavachari Street is classified as Residential Class I Type - I, indicating its suitability for residential development.