Guideline Value for VIGNESHWAR NAGAR

Vigneshwar Nagar guideline value

The current guideline value of Vigneshwar Nagar is Rs 650 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Vigneshwar Nagar has changed

The guideline value of Vigneshwar Nagar has seen notable changes over the years. In the 2017 revision, the guideline value was set at Rs 435 per sq.ft. With the 2023 revision, it has increased to Rs 650 per sq.ft, marking a significant rise of 49% over this period.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Thus, the only revisions with specific values are from 2017 and 2023.

Guideline values in Thaiyur-A

Currently, there are no specific village figures for the Thaiyur-A area. Vigneshwar Nagar is one of the streets under the Thiruporur SRO.

Stamp duty and registration fee for property in Vigneshwar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total charges to Rs 58,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vigneshwar Nagar?

The Vigneshwar Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value is an essential factor when registering property transactions in Thaiyur-A. It serves as a basis for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property in this area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Vigneshwar Nagar?

The current guideline value of Vigneshwar Nagar is Rs 650 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value of Vigneshwar Nagar has increased from Rs 435 per sq.ft to Rs 650 per sq.ft, which is a rise of 49%.

Are there any guideline values for earlier revisions?

For Vigneshwar Nagar, there are no guideline values available for the revisions in 2002, 2003, 2007, 2012, and 2024.

What is the stamp duty rate for properties in Vigneshwar Nagar?

The stamp duty rate for properties in Vigneshwar Nagar is set at 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.