Guideline Value for VIGNARAJAPURAM 4TH STREET EXTENSION

Vignarajapuram 4th Street Extension guideline value

The current guideline value of Vignarajapuram 4th Street Extension is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Vignarajapuram 4th Street Extension has changed

The guideline value for Vignarajapuram 4th Street Extension has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,200 per sq.ft, which was an increase from the previous figure. The most recent 2024 revision increased it to Rs 2,350 per sq.ft, marking a 7% rise from the 2023 figure.

In summary, the guideline value has increased from Rs 2,200 per sq.ft in 2023 to Rs 2,350 per sq.ft in 2024. This change reflects the ongoing adjustments made by the Registration Department to align with market conditions.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, positioning Vignarajapuram 4th Street Extension below this median.

• Vignarajapuram: Rs 3,300 per sq.ft (2024)
• Vignarajapuram Extension: Rs 2,350 per sq.ft (2024)
• V G P Veerabadra Nagar Part II: Rs 2,700 per sq.ft (2024)
• V G P Veerabadra Nagar Part I: Rs 2,700 per sq.ft (2024)
• V G P Veerabadra Nagar: Rs 2,700 per sq.ft (2024)
• V.G.P.Santhanammal Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vignarajapuram 4th Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total fees to Rs 2,11,500. It is important to note that the 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 Vignarajapuram 4th Street Extension?

The Vignarajapuram 4th Street Extension falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Vengaivasal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value is essential as it ensures that the transaction is recorded at a value recognized by the Registration Department. Buyers and sellers should be aware of this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vignarajapuram 4th Street Extension?

The current guideline value of Vignarajapuram 4th Street Extension is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 2,200 per sq.ft in 2023 to Rs 2,350 per sq.ft in 2024, reflecting a 7% increase.

What is the land classification for Vignarajapuram 4th Street Extension?

Vignarajapuram 4th Street Extension is classified as Residential Class I Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Vignarajapuram 4th Street Extension?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500.