Guideline Value for VIGNESH GARDEN

Vignesh Garden guideline value

The current guideline value of Vignesh Garden, located in Vedapalayam village under the Uthiramerur SRO, is Rs 402 per sq.ft. The land classification for this area is Residential Special Type - IV.

How the guideline value of Vignesh Garden has changed

Since the register has no figures for the years 2002, 2003, 2007, 2012, and 2017, we will focus on the available revisions. The guideline value remained unchanged at Rs 402 per sq.ft from the 2023 revision to the 2024 revision, indicating a 0% change between these two years.

For the 2024 revision, the guideline value is Rs 402 per sq.ft, which matches the 2023 revision. This consistency reflects stability in the guideline value for Vignesh Garden over the past two years.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Vignesh Garden is above this median, reflecting its specific classification and location.

• Vignesh Garden Phase - I: 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

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, while the registration fee at 2% would be Rs 8,040, bringing the total fees to Rs 36,180. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Vignesh Garden?

The Vignesh Garden area falls under 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 the registration process when buying or selling property in Vedapalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers must be aware of this value to avoid discrepancies 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 the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 402 per sq.ft from the 2023 revision to the 2024 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Vignesh Garden?

The land classification for Vignesh Garden is Residential Special Type - IV, indicating its designated use for residential purposes.

How is the stamp duty calculated for properties in Vignesh Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 28,140.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.