Guideline Value for SWAMY VIVEKANANTHAR NAGAR 4TH STREET

Swamy Vivekananthar Nagar 4th Street guideline value

The current guideline value of Swamy Vivekananthar Nagar 4th 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, classified as Residential Class II Type - I.

How the guideline value of Swamy Vivekananthar Nagar 4th Street has changed

Over the years, the guideline value for Swamy Vivekananthar Nagar 4th Street has seen several revisions. The 2012 revision set the value at Rs 1,750 per sq.ft, which was later revised to Rs 1,172 per sq.ft in 2017. This marked a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,750 per sq.ft, and the most recent 2024 revision raised it to Rs 1,925 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,750 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft. The median value among these streets is Rs 1,660 per sq.ft, placing Swamy Vivekananthar Nagar 4th Street above this median.

• Swamy Vivekananthar Nagar 3rd Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 5th Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 2nd Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 6th Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 1st Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 7th Street: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Swamy Vivekananthar Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value amounts to 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 to Rs 1,73,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Swamy Vivekananthar Nagar 4th Street?

The Sub Registrar Office that covers Swamy Vivekananthar Nagar 4th 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

When buying or selling property in Vanagaram, the guideline value is a crucial factor that determines the stamp duty and registration fees. It serves as a benchmark for property transactions and is used by the authorities to calculate the applicable charges during the registration process.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Swamy Vivekananthar Nagar 4th Street?

The current guideline value of Swamy Vivekananthar Nagar 4th 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 back to Rs 1,750 per sq.ft in 2023, and finally to Rs 1,925 per sq.ft in 2024.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty is Rs 1,34,750 and the registration fee is Rs 38,500, totaling Rs 1,73,250.

Which office handles registrations for Swamy Vivekananthar Nagar 4th Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Swamy Vivekananthar Nagar 4th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification of Swamy Vivekananthar Nagar 4th Street?

Swamy Vivekananthar Nagar 4th Street is classified as Residential Class II Type - I.