Guideline Value for Vijayaraja Nagar

Vijayaraja Nagar guideline value

The current guideline value of Vijayaraja Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-A village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Vijayaraja Nagar has changed

The guideline value of Vijayaraja Nagar has seen several revisions over the years. Starting from the 2017 revision, the value was Rs 938 per sq.ft. It increased to Rs 1,400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-A

In Kunrathour-A, there are 45 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,210 to Rs 5,123 per sq.ft. The median value for these streets is Rs 1,760 per sq.ft, placing Vijayaraja Nagar's 2024 figure below this median.

• Vinayagam Avenue: Rs 2,630 per sq.ft (2024)
• Vlc Bharathiyar Enclaves: Rs 2,630 per sq.ft (2024)
• V.L.C Kakkanji Nagar: Rs 1,920 per sq.ft (2024)
• The Temple Town: Rs 1,540 per sq.ft (2024)
• Temple View Garden: Rs 1,800 per sq.ft (2024)
• Sulochana Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayaraja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vijayaraja Nagar?

The Sub Registrar Office that covers Vijayaraja Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-A

The guideline value plays a crucial role in the registration process for property transactions in Kunrathour-A. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property.

When registering a property, the guideline value is considered alongside the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vijayaraja Nagar?

The current guideline value of Vijayaraja Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the stamp duty rate for property in Vijayaraja Nagar?

The stamp duty rate for property transactions in Vijayaraja Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Vijayaraja Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information by visiting the provided link.

What are the guideline values of other streets in Kunrathour-A?

Other streets in Kunrathour-A have varying guideline values, with rates ranging from Rs 1,210 to Rs 5,123 per sq.ft. The median value for these streets is Rs 1,760 per sq.ft, which is higher than the guideline value of Vijayaraja Nagar.