Guideline Value for SWAMY VIVEKANANTHAR NAGAR 6TH STREET

Swamy Vivekananthar Nagar 6th Street guideline value

The current guideline value of Swamy Vivekananthar Nagar 6th 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of Swamy Vivekananthar Nagar 6th Street has changed

The guideline value for Swamy Vivekananthar Nagar 6th Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,750 per sq.ft. This figure was then revised to Rs 1,172 per sq.ft in 2017, marking a decrease of 33%. Following this, the value increased significantly to Rs 1,750 per sq.ft in 2023, and then to Rs 1,925 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%. The register has no figures 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 with a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, and Swamy Vivekananthar Nagar 6th Street's 2024 figure is above this median.

• Swamy Vivekananthar Nagar 5th Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 7th Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 4th Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 8th Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 3rd Street: Rs 1,925 per sq.ft (2024)
• Swamy Vivekananthar Nagar 9th Street: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Swamy Vivekananthar Nagar 6th 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Swamy Vivekananthar Nagar 6th Street?

Swamy Vivekananthar Nagar 6th Street is covered by 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 further assistance.

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

The guideline value is an essential factor during property transactions in Vanagaram. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Swamy Vivekananthar Nagar 6th Street?

The current guideline value of Swamy Vivekananthar Nagar 6th 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 stamp duty and registration fees for properties 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 Sub Registrar Office handles registrations for this street?

The Chennai South Joint I Sub Registrar Office manages registrations for Swamy Vivekananthar Nagar 6th Street, located in Fanepet Nandanam, Chennai.

What is the land classification for this street?

The land classification for Swamy Vivekananthar Nagar 6th Street is Residential Class II Type - I.