Guideline Value

Corporate

Guideline Value for SWAMY VIVEKANANDA NAGAR

₹1925/sq.ft.

The guideline value for Swamy Vivekananda Nagar in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1925 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1925 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹91 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹79 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Swamy Vivekananda Nagar

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Swamy Vivekananda Nagar guideline value

The current guideline value of Swamy Vivekananda Nagar is Rs 1,925 per sq.ft, effective from 1 July 2024. This area is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Swamy Vivekananda Nagar has changed

The guideline value for Swamy Vivekananda Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 79 per sq.ft. This figure increased to Rs 91 per sq.ft in 2003, marking a 15% rise. The value then saw a substantial increase of 449% to reach Rs 500 per sq.ft in 2007. Following this, the value jumped by 250% to Rs 1,750 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 1,172 per sq.ft. The subsequent revision in 2023 raised the value by 49% to Rs 1,750 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 1,925 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,337%. There are no figures available for the revisions from years not listed in the register for this street.

Guideline values in Vanagaram

In Vanagaram village, there are 287 streets under the Chennai South Joint I SRO with a guideline value for 2024 ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,660 per sq.ft, placing Swamy Vivekananda Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Swamy Vivekananda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value would be Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, bringing the total cost for these fees to Rs 1,73,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Swamy Vivekananda Nagar?

The Sub Registrar Office that covers Swamy Vivekananda Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process of property transactions in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Swamy Vivekananda Nagar?

The current guideline value of Swamy Vivekananda Nagar is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 79 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, reflecting an overall increase of 2,337% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 19,25,000, the stamp duty would be Rs 1,34,750 and the registration fee would be Rs 38,500, totaling Rs 1,73,250.

Which office handles the registration for Swamy Vivekananda Nagar?

The Chennai South Joint I Sub Registrar Office handles the registration for Swamy Vivekananda Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It is compared to the sale price, and the higher value is used for calculating the applicable fees.