Guideline Value for VIGNESH GARDEN

Vignesh Garden guideline value

The current guideline value of Vignesh Garden in Peramanoor village is Rs 990 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Vignesh Garden has changed

The guideline value for Vignesh Garden has undergone several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, there was a significant increase of 49% to Rs 900 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with a 2024 guideline value range from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Vignesh Garden's 2024 figure is below this median.

• Vignesh Nagar (N): Rs 661 per sq.ft (2024)
• Vijayanaidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Vgn Southern Colony (Kr): Rs 1,980 per sq.ft (2024)
• Villier Colony (Ward -2): Rs 550 per sq.ft (2024)
• Villier Street Sattamangalam (Ward -15): Rs 550 per sq.ft (2024)
• Villiery Palayam (Ward -15): Rs 550 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 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty, charged at 7%, would be Rs 69,300, while the registration fee at 2% would be Rs 19,800. The total cost for stamp duty and registration would be Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

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 Peramanoor

The guideline value is a critical factor in property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives a fair amount of revenue based on the property's value.

When selling property, the guideline value can also influence the sale price, as it provides a reference point for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Vignesh Garden?

The current guideline value of Vignesh Garden is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Vignesh Garden?

Vignesh Garden is classified as Residential Class I Type - II, which indicates its suitability for residential development.

What is the range of guideline values in Peramanoor?

The guideline values in Peramanoor range from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.