Guideline Value for Visalakshi Nagar

Visalakshi Nagar guideline value

The current guideline value of Visalakshi Nagar, a village under the Kanchipuram Joint II SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Visalakshi Nagar has changed

The guideline value for Visalakshi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is 64%, reflecting significant changes in the guideline value over these years.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Visalakshi Nagar at this median value.

• Vijayalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Velayudam Nagar: Rs 1,100 per sq.ft (2024)
• Vedachalam Nagar(South): Rs 1,100 per sq.ft (2024)
• Vandavasi Road: Rs 2,200 per sq.ft (2024)
• Vallalar ST: Rs 1,100 per sq.ft (2024)
• Thiruchittrambalam Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Visalakshi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Visalakshi Nagar?

The Sub Registrar Office that covers Visalakshi Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sevilimadu - A, as it determines the minimum value at which properties can be registered. When buying or selling property, this value helps in calculating the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements. This value reflects the government's assessment of property worth in the area and is updated periodically based on market conditions.

Frequently asked questions

What is the current guideline value of Visalakshi Nagar?

The current guideline value of Visalakshi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

The guideline value has increased by 64% from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024.

What is the stamp duty rate for properties in Visalakshi Nagar?

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

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

The Sub Registrar Office for Visalakshi Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What are the other streets in Sevilimadu - A with the same guideline value?

Other streets in Sevilimadu - A with the same guideline value of Rs 1,100 per sq.ft include Vijayalakshmi Nagar, Velayudam Nagar, Vedachalam Nagar(South), Vallalar ST, and Thiruchittrambalam Nagar.