Guideline Value for VIGNESH NAGAR

Vignesh Nagar guideline value

The current guideline value of Vignesh Nagar, located in Kadambattur village under the Perambakkam SRO, is Rs 234 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Vignesh Nagar has changed

Since the 2017 revision, the guideline value for Vignesh Nagar has remained constant at Rs 234 per sq.ft. The 2024 revision, which is the latest, shows no change from the previous year's value of Rs 234 per sq.ft. Additionally, the 2017 revision also recorded the same value of Rs 234 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the guideline value has not changed over the years from 2017 to 2024, with an overall change of +0% during this period.

Guideline values in Kadambattur

In Kadambattur, five streets under the Perambakkam SRO have a 2024 guideline value ranging from Rs 201 to Rs 500 per sq.ft. The median value for these streets is Rs 234 per sq.ft, which is equal to the guideline value of Vignesh Nagar.

• S.K.Nagar: Rs 234 per sq.ft (2024)
• Sambantham Nagar: Rs 234 per sq.ft (2024)
• M.S.Nagar: Rs 500 per sq.ft (2024)
• வசந்தம் நகர்: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Vignesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 234 per sq.ft, the total guideline value amounts to Rs 2,34,000. The stamp duty at 7% would be Rs 16,380, and the registration fee at 2% would be Rs 4,680, leading to a total cost of Rs 21,060. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Vignesh Nagar?

The Sub Registrar Office that covers Vignesh Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

To find your SRO, you can visit the provided link for more information.

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

The guideline value is a crucial factor in property transactions in Kadambattur, as it determines the minimum value at which property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions comply with local regulations.

Frequently asked questions

What is the current guideline value of Vignesh Nagar?

The current guideline value of Vignesh Nagar is Rs 234 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vignesh Nagar has remained constant at Rs 234 per sq.ft since the 2017 revision, with no changes recorded in the 2023 and 2024 revisions.

Which Sub Registrar Office covers Vignesh Nagar?

The Perambakkam Sub Registrar Office covers Vignesh Nagar, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

What are the stamp duty and registration fees for Vignesh Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 234 per sq.ft, the stamp duty is Rs 16,380, and the registration fee is Rs 4,680, totaling Rs 21,060.

What is the land classification for Vignesh Nagar?

The land classification for Vignesh Nagar is Residential Class II Type - II, which is relevant for determining the guideline value and applicable regulations.