Guideline Value for victory rising

Victory Rising guideline value

The current guideline value of Victory Rising is Rs 1,344 per sq.ft, effective from 1 July 2024. This property is located in Kunnapattu village under the Thirukazhukundram SRO and is classified as Residential Class II Type - I.

How the guideline value of Victory Rising has changed

According to the guideline value register, the most recent revision for Victory Rising occurred in 2024, setting the value at Rs 1,344 per sq.ft. The previous revision in 2023 also recorded the guideline value at Rs 1,344 per sq.ft, indicating no change between these two years.

For earlier revisions, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002. Therefore, only the 2023 and 2024 revisions are applicable for the current guideline value.

Guideline values in Kunnapattu

Victory Rising is part of the Kunnapattu village, which has other streets with their own guideline values. The current guideline value for other streets in Kunnapattu is as follows:

• Omr Star Avenue: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Victory Rising

For a 1,000 sq.ft plot at the current guideline value of Rs 1,344 per sq.ft, the total guideline value amounts to Rs 13,44,000. The stamp duty at 7% would be Rs 94,080, and the registration fee at 2% would be Rs 26,880, totaling Rs 1,20,960. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Victory Rising?

The Thirukazhukundram Sub Registrar Office covers Victory Rising, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kunnapattu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs that need to be considered in any real estate transaction.

Frequently asked questions

What is the current guideline value of Victory Rising?

The current guideline value of Victory Rising is Rs 1,344 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Victory Rising has remained at Rs 1,344 per sq.ft for both the 2023 and 2024 revisions, indicating no change. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Victory Rising?

Victory Rising is classified as Residential Class II Type - I, which is relevant for determining its usage and development potential.

Where can I find the registration office for Victory Rising?

The registration office for Victory Rising is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,344 per sq.ft would incur specific fees based on that value.