Guideline Value for Viliyanjiyambakkam Road

Viliyanjiyambakkam Road guideline value

The current guideline value of Viliyanjiyambakkam Road is Rs 2,250 per sq.ft, effective from 1 July 2024. This road is located in Sekkadu village, under the Avadi SRO, and is classified as Mixed Special Type - II.

How the guideline value of Viliyanjiyambakkam Road has changed

The guideline value for Viliyanjiyambakkam Road has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,050 per sq.ft. This figure decreased to Rs 1,373 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,050 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,250 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for Viliyanjiyambakkam Road in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Viliyanjiyambakkam Road is above this median.

• Vijaya Nagar: Rs 1,320 per sq.ft (2024)
• Vgn Bloom: Rs 2,680 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Venkatesan Nagar: Rs 1,320 per sq.ft (2024)
• Varadharaja Nagar: Rs 930 per sq.ft (2024)
• Varadhapuri Amman Koil Street: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Viliyanjiyambakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,250 per sq.ft, the total guideline value would be Rs 22,50,000. The stamp duty at 7% would amount to Rs 1,57,500, while the registration fee at 2% would be Rs 45,000, bringing the total charges to Rs 2,02,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Viliyanjiyambakkam Road?

The Sub Registrar Office that covers Viliyanjiyambakkam Road is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process when buying or selling property in Sekkadu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standardized value set by the government.

When a property is being registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 Viliyanjiyambakkam Road?

The current guideline value of Viliyanjiyambakkam Road is Rs 2,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,050 per sq.ft in 2012 to Rs 1,373 per sq.ft in 2017, then increased to Rs 2,050 per sq.ft in 2023, and finally to Rs 2,250 per sq.ft in 2024.

What are the other streets in Sekkadu and their guideline values?

Other streets in Sekkadu include Vijaya Nagar at Rs 1,320 per sq.ft, Vgn Bloom at Rs 2,680 per sq.ft, and Varadharaja Nagar at Rs 930 per sq.ft, among others.

What fees are associated with buying property on Viliyanjiyambakkam Road?

When buying property on Viliyanjiyambakkam Road, you will need to pay stamp duty at 7% and a registration fee at 2% based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Viliyanjiyambakkam Road located?

The Sub Registrar Office for Viliyanjiyambakkam Road is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.