Guideline Value for VIGNESH AVENUE

Vignesh Avenue guideline value

The current guideline value of Vignesh Avenue, located in Thiruvanaikoil village, under the Salavakkam SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Vignesh Avenue has changed

Over the years, the guideline value of Vignesh Avenue has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision set the value at Rs 100 per sq.ft, indicating a 50% increase from 2017 to 2023. The 2012 revision also had a guideline value of Rs 150 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 150 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding the guideline value for Vignesh Avenue. Thus, the earliest available figures start from the 2012 revision.

Guideline values in Thiruvanaikoil

Currently, there are no specific village figures available for Thiruvanaikoil. Vignesh Avenue is among the streets in this area, and there are no other streets in Thiruvanaikoil under the Salavakkam SRO listed in the available data.

Stamp duty and registration fee for property in Vignesh Avenue

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information on calculating fees.

Which Sub Registrar Office covers Vignesh Avenue?

The Sub Registrar Office covering Vignesh Avenue is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruvanaikoil. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. This value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Vignesh Avenue?

The current guideline value of Vignesh Avenue is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 150 per sq.ft from 2012 to 2024, with a 50% increase from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Vignesh Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 13,500, which includes Rs 10,500 for stamp duty and Rs 3,000 for registration fees.

Which office handles property registrations for Vignesh Avenue?

The Salavakkam Sub Registrar Office is responsible for handling property registrations for Vignesh Avenue, located at 2/1a, Thottakkara Street, Salavakkam, Chengalpattu registration zone.

Is there any guideline value data for earlier years?

The register has no figures for the years 2002, 2003, and 2007 regarding the guideline value for Vignesh Avenue. The available data begins from the 2012 revision.