Guideline Value

Corporate

Guideline Value for SRI VIGNESH NAGAR

₹400/sq.ft.

The guideline value for Sri Vignesh Nagar in Thachoor_2 village (Ponneri SRO, Chennai zone) is Rs 400 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 33% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thachoor_2

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Vignesh Nagar

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Sri Vignesh Nagar guideline value

The current guideline value of Sri Vignesh Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Thachoor_2 village under the Ponneri Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Vignesh Nagar has changed

There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for Sri Vignesh Nagar. In the 2023 revision, the guideline value was Rs 300 per sq.ft, and this increased to Rs 400 per sq.ft in the 2024 revision, marking a change of +33%.

Thus, the guideline value has seen an increase from Rs 300 per sq.ft in 2023 to Rs 400 per sq.ft in 2024. The current figure reflects the latest revision and indicates a shift in the valuation for this street.

Guideline values in Thachoor_2

In Thachoor_2, there are a total of 40 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Sri Vignesh Nagar is below this median.

Stamp duty and registration fee for property in Sri Vignesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Vignesh Nagar?

Sri Vignesh Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thachoor_2, the guideline value will be used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property registration. Ensuring that the transaction adheres to the guideline value helps in avoiding legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Sri Vignesh Nagar?

The current guideline value of Sri Vignesh Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, which is a change of +33%.

What is the land classification of Sri Vignesh Nagar?

Sri Vignesh Nagar falls under the Residential Class II Type - I land classification.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for property in Sri Vignesh Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty at 7% would be Rs 28,000.