Guideline Value for Vijayashanthi Infinite

Vijayashanthi Infinite guideline value

The current guideline value of Vijayashanthi Infinite is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Mevaloorkuppam B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vijayashanthi Infinite has changed

Over the years, the guideline value for Vijayashanthi Infinite has seen several revisions. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,200 per sq.ft, which increased by 10% to Rs 1,320 per sq.ft in the 2024 revision.

This increase reflects the changes made in the guideline value register. The 2024 figure of Rs 1,320 per sq.ft is a notable rise from the previous year's Rs 1,200 per sq.ft.

Guideline values in Mevaloorkuppam B

Mevaloorkuppam B has a total of 84 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for this area is Rs 400 per sq.ft, making the 2024 figure for Vijayashanthi Infinite significantly above this median.

• Vinayagar Koil Street: Rs 300 per sq.ft (2024)
• VGP Queens Town: Rs 700 per sq.ft (2024)
• VGP Industrial Form: Rs 700 per sq.ft (2024)
• Venkateswara Nagar - II: Rs 300 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Vasan Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Vijayashanthi Infinite

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vijayashanthi Infinite?

The Vijayashanthi Infinite property falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Vijayashanthi Infinite?

The current guideline value of Vijayashanthi Infinite is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

In the 2023 revision, the guideline value was Rs 1,200 per sq.ft, which increased by 10% to Rs 1,320 per sq.ft in the 2024 revision.

What is the land classification for Vijayashanthi Infinite?

Vijayashanthi Infinite is classified as Residential Special Type - I.

What are the guideline values for other streets in Mevaloorkuppam B?

Other streets in Mevaloorkuppam B have varying guideline values, ranging from Rs 100 to Rs 6,200 per sq.ft. The median value is Rs 400 per sq.ft, with Vijayashanthi Infinite's value being above this median.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.