Guideline Value for VIGILANCE NAGAR

Vigilance Nagar guideline value

The current guideline value of Vigilance Nagar, located in Kalivanthapattu village, is Rs 600 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Special Type - I land classification, managed by the Thiruporur SRO.

How the guideline value of Vigilance Nagar has changed

Looking at the revisions, the guideline value for Vigilance Nagar has seen several changes over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. This was a decrease of 33%. The value then increased significantly by 49% to Rs 600 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing a 0% change from the previous year.

There are no figures for the years 2002, 2003, and 2007 in the register for this street. Thus, the most recent figures are from 2012, 2017, 2023, and 2024, with the current guideline value being Rs 600 per sq.ft.

Guideline values in Kalivanthapattu

In Kalivanthapattu, there are 19 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 605 per sq.ft. Vigilance Nagar's 2024 figure is below this median.

• Vgp New Golden Avenue: Rs 605 per sq.ft (2024)
• Vgp New Gold Avenue: Rs 605 per sq.ft (2024)
• Venkateshwara Nagar: Rs 800 per sq.ft (2024)
• Thirunagar: Rs 450 per sq.ft (2024)
• Sundrapuram: Rs 600 per sq.ft (2024)
• Sri Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Vigilance Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vigilance Nagar?

The Sub Registrar Office that covers Vigilance Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kalivanthapattu. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions comply with state regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Understanding this value can help in budgeting for additional costs associated with the purchase or sale of real estate.

Frequently asked questions

What is the current guideline value of Vigilance Nagar?

The current guideline value of Vigilance Nagar is Rs 600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Vigilance Nagar?

Vigilance Nagar falls under the Residential Special Type - I land classification.

Where can I find the Sub Registrar Office for Vigilance Nagar?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for property in Vigilance Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft results in a total guideline value of Rs 6,00,000, with a stamp duty of Rs 42,000.