Guideline Value for VIGNESH GARDEN EXTENSION

Vignesh Garden Extension guideline value

The current guideline value of Vignesh Garden Extension is Rs 700 per sq.ft. 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 has changed

The guideline value for Vignesh Garden Extension has remained consistent at Rs 700 per sq.ft since the 2023 revision. The 2024 revision, effective from 1 July 2024, also reflects this same value, indicating no change from the previous year.

There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street. Thus, the guideline value has been stable at Rs 700 per sq.ft for the last two revisions.

Guideline values in Orathur

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

• Vignesh Garden Extension-I: 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

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, resulting in a total of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vignesh Garden Extension?

The Vignesh Garden Extension area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Orathur, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

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 the guideline value helps in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Vignesh Garden Extension?

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

How has the guideline value changed over the years?

The guideline value for Vignesh Garden Extension has remained unchanged at Rs 700 per sq.ft since the 2023 revision. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Vignesh Garden Extension?

The land classification for Vignesh Garden Extension is Mixed Type - I, which indicates the type of development permissible in the area.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Vignesh Garden Extension is 7% of the guideline value or the sale price, whichever is higher. This is a standard rate applicable across various regions in Tamil Nadu.

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

The Sub Registrar Office covering Vignesh Garden Extension is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find more details online.