Guideline Value for Guru Vignesh Nagar

Guru Vignesh Nagar guideline value

The current guideline value of Guru Vignesh Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Salamangalam village under the Sriperumpudur SRO, classified as Mixed Type - I.

How the guideline value of Guru Vignesh Nagar has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure remained the same in the 2017 revision, but prior to that, in 2017, it was Rs 402 per sq.ft. The change from 2017 to 2023 saw an increase of 49%, bringing the value to Rs 600 per sq.ft. The 2023 revision maintained the same rate of Rs 600 per sq.ft, which has now been carried forward to the 2024 revision, resulting in a 0% change from the previous year. The register has no figure for this street in 2002, 2003, or 2007.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft. The median value is Rs 500 per sq.ft, and Guru Vignesh Nagar's 2024 figure is above this median.

• Green city Extension -III: Rs 550 per sq.ft (2024)
• Green City Extension -II: Rs 550 per sq.ft (2024)
• Green city Extension: Rs 550 per sq.ft (2024)
• Green City: Rs 550 per sq.ft (2024)
• Green Avenue Extension: Rs 550 per sq.ft (2024)
• Green Avenue: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Vignesh Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 6,00,000. The stamp duty at 7% amounts to Rs 42,000, while the registration fee at 2% totals Rs 12,000. Together, these fees amount to Rs 54,000. 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 Guru Vignesh Nagar?

The Sub Registrar Office that covers Guru Vignesh Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Salamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that buyers and sellers adhere to the legal requirements set by the government.

When a property is bought or sold, the guideline value helps determine the minimum value on which stamp duty is calculated. This ensures transparency in property transactions and helps prevent undervaluation.

Frequently asked questions

What is the current guideline value of Guru Vignesh Nagar?

The current guideline value of Guru Vignesh Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent change from 2023 to 2024 being 0%. The value increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017.

What are the stamp duty and registration fees for property in Guru Vignesh Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 54,000.

Which office handles property registrations in Guru Vignesh Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations in Guru Vignesh Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value determined for properties in Salamangalam?

The guideline value is determined based on various factors and is revised periodically. It serves as a benchmark for property transactions and is essential for calculating stamp duty and registration fees.