Guideline Value for VIGNESH GARDEN EXTENSION-I

Vignesh Garden Extension-I guideline value

The current guideline value of Vignesh Garden Extension-I is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Orathur village and falls under the Gooduvancheri SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Vignesh Garden Extension-I has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. For the 2023 revision, the guideline value was Rs 700 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 700 per sq.ft. Thus, the change from 2023 to 2024 shows an increase of 0%.

Both the 2023 and 2024 revisions reflect a consistent guideline value of Rs 700 per sq.ft. This stability indicates that the guideline value has not fluctuated in the recent revisions.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Vignesh Garden Extension-I's 2024 figure above this median.

• Vignesh Garden Extension: Rs 700 per sq.ft (2024)
• Vignesh Garden: Rs 402 per sq.ft (2024)
• Vijaya Nagar: Rs 505 per sq.ft (2024)
• Vinayaga Nagar: Rs 505 per sq.ft (2024)
• Vinayaga Nagar Part-II: Rs 500 per sq.ft (2024)
• V.O.C. Nagar: Rs 505 per sq.ft (2024)

Stamp duty and registration fee for property in Vignesh Garden Extension-I

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total charges Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vignesh Garden Extension-I?

The Vignesh Garden Extension-I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Orathur

The guideline value is a crucial factor when registering property in Orathur. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring transparency and fairness in property dealings.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vignesh Garden Extension-I?

The current guideline value of Vignesh Garden Extension-I is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 700 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

What is the median guideline value for streets in Orathur?

The median guideline value for the 80 streets in Orathur under the Gooduvancheri SRO is Rs 500 per sq.ft. Vignesh Garden Extension-I's guideline value is above this median.

How is stamp duty calculated for properties in Vignesh Garden Extension-I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 700 per sq.ft, the stamp duty would amount to Rs 49,000.

Where can I find the Sub Registrar Office for Vignesh Garden Extension-I?

The Gooduvancheri Sub Registrar Office covers Vignesh Garden Extension-I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.