Guideline Value for SAI VIGNESH NAGAR

Sai Vignesh Nagar guideline value

The current guideline value of Sai Vignesh Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Thiritheri village under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Sai Vignesh Nagar has changed

The guideline value for Sai Vignesh Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,000 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 1,000 per sq.ft.

Guideline values in Thiritheri

In Thiritheri village, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 702 to Rs 1,750 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Sai Vignesh Nagar at the median value.

• Vgn North Wood Park: Rs 1,000 per sq.ft (2024)
• Kuppai Kariyamman Kovil Street: Rs 1,000 per sq.ft (2024)
• Kishen Nagar: Rs 702 per sq.ft (2024)
• Gandhi Nagar: Rs 1,493 per sq.ft (2024)
• Ellaiamman Koil St: Rs 1,000 per sq.ft (2024)
• Boulevard Villa Phase-II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Vignesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Vignesh Nagar?

The Sub Registrar Office that covers Sai Vignesh Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiritheri. It is the benchmark used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the fluctuating market prices.

When a property is registered, the guideline value is assessed to determine the applicable fees. Buyers and sellers must consider this value as it directly affects the financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sai Vignesh Nagar?

The current guideline value of Sai Vignesh Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2012 to 2024, with a drop to Rs 670 per sq.ft in 2017 before returning to Rs 1,000 per sq.ft in 2023.

What is the land classification of Sai Vignesh Nagar?

Sai Vignesh Nagar is classified as Residential Special Type - I under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for properties in Sai Vignesh Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles the registration for Sai Vignesh Nagar?

The Chengleput Joint II Sub Registrar Office handles the registration for Sai Vignesh Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.