Guideline Value for VIGNESH GARDEN PHASE - I

Vignesh Garden Phase - I guideline value

The current guideline value of Vignesh Garden Phase - I is Rs 402 per sq.ft. This property is located in Vedapalayam village under the Uthiramerur SRO, classified as Residential Special Type - IV.

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

According to the guideline value register, the 2024 revision shows a guideline value of Rs 402 per sq.ft, which is the same as the 2023 revision, indicating no change from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has remained consistent at Rs 402 per sq.ft since the 2023 revision. The 2024 figure is positioned above the median of Rs 400 per sq.ft for the 29 streets in Vedapalayam under the Uthiramerur SRO.

Guideline values in Vedapalayam

In Vedapalayam, the guideline values for various streets range from Rs 200 to Rs 900 per sq.ft, with the median being Rs 400 per sq.ft. Vignesh Garden Phase - I has a guideline value that is above this median.

• Vignesh Garden: Rs 402 per sq.ft (2024)
• Vimala Avenue: Rs 402 per sq.ft (2024)
• Vedapalayam Thalayarai Street: Rs 200 per sq.ft (2024)
• Vedapalayam Pandara Street: Rs 200 per sq.ft (2024)
• Vedapalayam Kalani Raji Street: Rs 200 per sq.ft (2024)
• Vedapalayam Kalani Madha Koil Street: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value would be Rs 4,02,000. The stamp duty at 7% would amount to Rs 28,140, and the registration fee at 2% would be Rs 8,040. Together, the total cost for stamp duty and registration fee would be Rs 36,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vignesh Garden Phase - I?

The Vignesh Garden Phase - I is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Vedapalayam. It serves as a benchmark for the valuation of properties and is used to calculate the applicable taxes during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the official value set by the government. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for Vignesh Garden Phase - I?

The current guideline value for Vignesh Garden Phase - I is Rs 402 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 402 per sq.ft since the 2023 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Vedapalayam?

The median guideline value for the 29 streets in Vedapalayam is Rs 400 per sq.ft, with Vignesh Garden Phase - I being above this median.

What are the stamp duty and registration fees for a property in Vignesh Garden Phase - I?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,02,000, resulting in a stamp duty of Rs 28,140 and a registration fee of Rs 8,040, totaling Rs 36,180.

Which office handles property registration for Vignesh Garden Phase - I?

The Uthiramerur Sub Registrar Office handles property registration for Vignesh Garden Phase - I, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.