Guideline Value for VIGNESH GARDEN

Vignesh Garden guideline value

The current guideline value of Vignesh Garden, located in Orathur village under the Gooduvancheri SRO, is Rs 402 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - I land classification.

How the guideline value of Vignesh Garden has changed

The guideline value for Vignesh Garden has remained consistent over the years. The 2017 revision set the value at Rs 402 per sq.ft, which was unchanged in the 2023 revision. The current 2024 revision also maintains this figure at Rs 402 per sq.ft, showing no percentage increase from the previous years.

There have been no figures recorded for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has seen no changes since 2017, remaining stable at Rs 402 per sq.ft through the latest revision.

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 guideline value for these streets is Rs 500 per sq.ft, placing Vignesh Garden's 2024 figure below the median.

• Vignesh Garden Extension: Rs 700 per sq.ft (2024)
• Vignesh Garden Extension-I: Rs 700 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

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value amounts to Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, while the registration fee at 2% would be Rs 8,040, making the total fees Rs 36,180. It is important to note that the stamp 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 detailed calculations.

Which Sub Registrar Office covers Vignesh Garden?

The Vignesh Garden area 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 specific 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 during property registration in Orathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vignesh Garden?

The current guideline value of Vignesh Garden is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 402 per sq.ft since the 2017 revision, with no recorded changes in the previous revisions for this street.

What is the land classification for Vignesh Garden?

Vignesh Garden falls under the Residential Class IV Type - I land classification.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, totaling Rs 36,180.

Which Sub Registrar Office covers Vignesh Garden?

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