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Guideline Value

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Guideline Value for SWAMY VIVEKANANTHAR NAGAR 3RD STREET

₹1925/sq.ft.

The guideline value for Swamy Vivekananthar Nagar 3rd Street 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 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)

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 Vivekananthar Nagar 3rd Street

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Swamy Vivekananthar Nagar 3rd Street guideline value

The current guideline value for Swamy Vivekananthar Nagar 3rd Street is Rs 1,925 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Swamy Vivekananthar Nagar 3rd Street has changed

Over the years, the guideline value for Swamy Vivekananthar Nagar 3rd Street has seen several revisions. The 2012 revision set the value at Rs 1,750 per sq.ft, which was then reduced to Rs 1,172 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 1,750 per sq.ft in the 2023 revision, and then to Rs 1,925 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The transition from the 2023 to the 2024 revision saw a rise of 10%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that have a guideline value for 2024, ranging from Rs 770 to Rs 5,500 per sq.ft. The median value across these streets is Rs 1,660 per sq.ft, placing the 2024 guideline value for Swamy Vivekananthar Nagar 3rd Street above this median.

Stamp duty and registration fee for property in Swamy Vivekananthar Nagar 3rd Street

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 amount to Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, bringing the total to Rs 1,73,250. It is important to note that 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 Swamy Vivekananthar Nagar 3rd Street?

The Sub Registrar Office covering Swamy Vivekananthar Nagar 3rd Street 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 plays a crucial role in the registration process of properties in Vanagaram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Buyers and sellers must be aware that the guideline value is set by the government and is subject to periodic revisions. This value ensures that the property transaction is recorded accurately and that the appropriate taxes are collected, reflecting the fair value of the property as per the local regulations.

Frequently asked questions

What is the current guideline value for Swamy Vivekananthar Nagar 3rd Street?

The current guideline value for Swamy Vivekananthar Nagar 3rd Street 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 changed from Rs 1,750 per sq.ft in 2012 to Rs 1,172 per sq.ft in 2017, then to Rs 1,750 per sq.ft in 2023, and finally to Rs 1,925 per sq.ft in 2024.

What are the other streets in Vanagaram with the same guideline value?

Other streets in Vanagaram with the same 2024 guideline value of Rs 1,925 per sq.ft include Swamy Vivekananthar Nagar 1st Street, 2nd Street, 4th Street, 5th Street, and 6th Street.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Swamy Vivekananthar Nagar 3rd Street is located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,25,000, the stamp duty would be Rs 1,34,750 at a rate of 7%.