Guideline Value for VIGNESH GARDEN

Vignesh Garden guideline value

The current guideline value of Vignesh Garden in Kattankollatur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Vignesh Garden has changed

The guideline value for Vignesh Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is a 10% increase from the 2023 revision of Rs 1,000 per sq.ft. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. This change reflects the current valuation standards set by the Registration Department.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, making Vignesh Garden's current value equal to this median.

• Vignesh Nagar (N): Rs 660 per sq.ft (2024)
• Vignesh Nagar Ninnaikarai (Ward -19): Rs 660 per sq.ft (2024)
• V.G.R Nagar: Rs 660 per sq.ft (2024)
• Vijayanaidu Street (Ward -17): Rs 550 per sq.ft (2024)
• Vijayappa Naidu Street: Rs 440 per sq.ft (2024)
• Vgn Southern Meadows Phase - II: Rs 2,956 per sq.ft (2024)

Stamp duty and registration fee for property in Vignesh Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vignesh Garden?

The Sub Registrar Office that covers Vignesh Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Kattankollatur. It determines the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value of Vignesh Garden?

The current guideline value of Vignesh Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, which is a 10% increase.

What is the land classification for Vignesh Garden?

Vignesh Garden is classified as Residential Class I Type - I within the Chengleput Joint II SRO.

What are the stamp duty rates for properties in Vignesh Garden?

The stamp duty for properties in Vignesh Garden is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.