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Guideline Value

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Guideline Value for SWAMY VIVEKANANTHAR NAGAR 9TH STREET

₹1925/sq.ft.

The guideline value for Swamy Vivekananthar Nagar 9th 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 9th Street

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Swamy Vivekananthar Nagar 9th Street guideline value

The current guideline value of Swamy Vivekananthar Nagar 9th 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 9th Street has changed

The guideline value for Swamy Vivekananthar Nagar 9th Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,750 per sq.ft. This figure decreased to Rs 1,172 per sq.ft in 2017, representing a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,750 per sq.ft, marking a rise of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 1,925 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, comparing the figures from 2012 to 2024, there has been an increase of 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 guideline value for these streets is Rs 1,660 per sq.ft, placing Swamy Vivekananthar Nagar 9th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Swamy Vivekananthar Nagar 9th 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 fees together to Rs 1,73,250. It is essential to remember that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more personalized calculations.

Which Sub Registrar Office covers Swamy Vivekananthar Nagar 9th Street?

The Sub Registrar Office that covers Swamy Vivekananthar Nagar 9th 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 information.

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

The guideline value is a crucial aspect when registering property transactions in Vanagaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the registration office uses the guideline value to calculate applicable fees such as stamp duty and registration charges. It is important for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Swamy Vivekananthar Nagar 9th Street?

The current guideline value of Swamy Vivekananthar Nagar 9th 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 increased to Rs 1,750 per sq.ft in 2023, and finally to Rs 1,925 per sq.ft in 2024.

What is the land classification for Swamy Vivekananthar Nagar 9th Street?

Swamy Vivekananthar Nagar 9th Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 1,73,250.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Swamy Vivekananthar Nagar 9th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.